What Annual Rate of Return Is Earned on a $4,000

question 62

Multiple Choice

What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $8,000 by the end of year 8?

• A) 9.00 percent
• B) 12.00 percent
• C) 12.25 percent
• D) 50.00 percent

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