2. (FV single cash flow, finding r) Five years ago you made a deposit of $50. The...

Question:

2. (FV single cash flow, finding r) Five years ago you made a deposit of $50.

The value of this deposit today is $70.13. What was the annual return earned on the deposit?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Finance With Excel

ISBN: 9780190296384

3rd Edition

Authors: Simon Benninga, Tal Mofkadi

Question Posted: