An Investment Grew in Value from $5,630 to $8,485 During

question 275

Short Answer

An investment grew in value from $5,630 to $8,485 during a five-year period. The annual rate of inflation for the 5 years was 2.3%. What was the compound annual real rate of return during the five years?

---

Definitions:

Value

In marketing and economics, value refers to the perceived worth, usefulness, or importance of a product or service to the consumer.

Price Objection

Resistance or hesitation from a potential customer or client concerning the cost or pricing of a product or service during the sales process.

Dodge

Doesn’t deny, answer, or ignore the objection, but simply temporarily dodges it.

Denies

The action of stating that something is not true or rejecting a claim or request.