Question
An investor who was not as astute as he believed invested $261,500 into an account 10 years ago. Today, that account is worth $201,600. What
An investor who was not as astute as he believed invested $261,500 into an account 10 years ago. Today, that account is worth $201,600. What was the annual rate of return on this account?
Multiple Choice
2.57 percent
3.07 percent
2.40 percent
2.25 percent
2.64 percent
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
