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If you invest $5,000 today and in 10 years the investment is worth $15,000, what rate of interest did you earn? A) 13.11% B) 139.35%
If you invest $5,000 today and in 10 years the investment is worth $15,000, what rate of interest did you earn?
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Bob invests $150,000 today. He believes he will earn a 9% return on his investment. How much will the investment be worth exactly 10 years from now? (Don't worry about rounding, select the answer closest to the correct one.)
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