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omework: HW Ch5 Question 28, P5-52 (similar to) Part 1 of 2 HW Score: 28.53%, 99.86 of 350 points O Points: 0 of 10
omework: HW Ch5 Question 28, P5-52 (similar to) Part 1 of 2 HW Score: 28.53%, 99.86 of 350 points O Points: 0 of 10 503 Save Rate of return Personal Finance Problem Rishi Singh has $3,900 to invest. His investment counselor suggests that Rishi should buy an investment that pays no interest but will be worth $4,700 after 9 years. a. What average annual rate of return will Rishi earn with this investment? b. Rishi is considering another investment, of equal risk, that earns an annual return of 0.09%. Which investment should he make, and why?
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