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QUESTION 1 You plan to invest $20,000 for 3 years. What rate of return, r, would cause this amount to grow to $25,000? 0 7.72%
QUESTION 1 You plan to invest $20,000 for 3 years. What rate of return, r, would cause this amount to grow to $25,000? 0 7.72% 0 3.71% O 7.58% O None of the above QUESTION 2 Again, suppose you plan to invest $20,000 for 3 years. Your money will be compounded semi-annually. What rate of return, r, would cause this amount to grow to $25,000? NOTE: Your final result must be annualized. O 7.72% O 3.71% O 7.58% None of the above
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