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Aaron invests $3,500 initially and increases his investments at a rate of 10% per year for 10 years. That is, Aaron has 11 total investments.
Aaron invests $3,500 initially and increases his investments at a rate of 10% per year for 10 years. That is, Aaron has 11 total investments. If the future value of Aaron's investments (i.e, at the time of his last investment) equals $89,251, the ROR earned by Aaron is clostest to....
a) 5.0% b) 7.5% c) 9.2% d) 10.3% e) 11.4% f) 16.2% g)17.7%
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