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Question 3 (2 points) An investment costs $1,000 today and promises to return $1,833 in 4 years. What is the annual return on this investment?
Question 3 (2 points) An investment costs $1,000 today and promises to return $1,833 in 4 years. What is the annual return on this investment? note: your answer should be in percent. for example, if the answer is 6.4%, then type your answer as 6.4. Your answer should be to one decimal precision. Your Answer: Answer Question 4 (2 points) If you deposit some money into a bank account today, to the nearest year, how long will it take to triple your deposit if it earns 41% annually? note: calculate to the nearest decimal. For example, if the answer is 12.56 years, then input your answer as 12.6 Your
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