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Given a choice of two investments, would you choose one that pays a total return of 15 percent over 7 years or one that pays
Given a choice of two investments, would you choose one that pays a total return of 15 percent over 7 years or one that pays 0.3 percent per month for 7 years? What annual rate of return does each give you? Instruction: Enter your answers in percentages to the nearest hundredth, for example, 3.00 for 3 percent. The return of 15 percent over 7 years provides an annual return of percent. The return of 0.3 percent per month for 7 years provides an annual return of percent.
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