$1(1 + g) 8 = 2 (1 + g) 8 = 2 Using the interest table for the future value of $1, the growth rate is approximately 9 percent. (PV = -1; FV = 2; N = 8; PMT = 0; I = ? = 9.05.) The problem may also be solved as follows: (1 + g) = 2 8 = 2 125 - 1 = 9.05% An investor expects the price of a stock to double after eight years. What is the expected annual rate of growth? a. 9.00% b. 9.77% C. 8.95% d. 10.25% e. 9.05%