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Problem 5-37 Calculating Rates of Return [LO 4] Youre trying to choose between two different investments, both of which have up-front costs of $94,000. Investment
Problem 5-37 Calculating Rates of Return [LO 4]
Youre trying to choose between two different investments, both of which have up-front costs of $94,000. Investment G returns $159,000 in 7 years. Investment H returns $279,000 in 14 years. Calculate the rate of return for each of these investments. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Rate of Return | ||
Investment G | % | |
Investment H | % | |
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