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What annual rate of return is earned on a $4,000 investment made in year 4 when it grows to $7,400 by the end of year
| What annual rate of return is earned on a $4,000 investment made in year 4 when it grows to $7,400 by the end of year 7? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Annual rate of return | % |
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
