Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2024

What annual rate of return is earned on a $5,000 investment when it grows to $9,500 in five years? (Do not round intermediate calculations. Round

What annual rate of return is earned on a $5,000 investment when it grows to $9,500 in five years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Annual rate of return

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Finance And Investments

Authors: Marc Chesney, Jonathan Gheyssens, Anca Claudia Pana, Luca Taschini

2nd Edition

366248174X, 978-3662481745

More Books

Students also viewed these Finance questions

Question

★★★★★

Mark each of the accounts listed in the following table as follows: a. In column (1), indicate in which statementincome statement (IS) or balance sheet (BS)the account belongs. b. In column (2),...

Answered: 1 week ago

Question

★★★★★

For the following exercises, use this scenario: The population of a city has risen and fallen over a 20-year interval. Its population may be modeled by the following function: y = 12,000 +...

Answered: 1 week ago

Question

★★★★★

=+SA 1-1 Ethics and professional conduct in business On August 1, 2009, Dr. Dana Hendley established Med, a medical practice organized as a proprietorship. The following conversation occurred the...

Answered: 1 week ago

Question

★★★★★

On June 30, 2011, Wisconsin, Inc., issued $300,000 in debt and 15,000 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company....

Answered: 1 week ago

Question

★★★★★

b. You plan to sell the bond after three years, and the required rate of return at that time will be 10%. What is your holding period return? ( 2 points) 2. ABC Corporation issued preferred stock...

Answered: 1 week ago

Question

★★★★★

The table below shows a list of assets owned by a car rental company, the undepreciated capital cost at the beginning of last year, the CCA class and CCA rate. Equipment UCC CCA Class CCA Rate Rental...

Answered: 1 week ago

Question

★★★★★

Problems 1.On 8.23.17, the night before the Powerball lottery results were announced, a man posted ( and then deleted) the following Tweet: "If I win, 10 people who RT this tweet will get $1,000,000...

Answered: 1 week ago

Question

★★★★★

Abigail has three children - Ben who is a toddler aged 2, Marie who is aged 8, and a 15 year old named Josh. Abigail lives in a deteriorating two bedroom apartment in a crime ridden part of town. She...

Answered: 1 week ago

Question

★★★★★

As part of its internal analysis, an HR manager at a consumer products firm is asked to prepare a forecast for the supply of product managers over the next year. Which of these techniques would...

Answered: 1 week ago

Question

★★★★★

Huntington Boards manufactures two models of surfboards, Basic and Competition, in a facility in Southern California. In fabrication, machine setup costs are driven by the number of setups, machine...

Answered: 1 week ago

Question

★★★★★

Mary Ann bought a new computer for $2,000 and financed the entire purchase price at a nominal rate of interest payable 12 times per year at 9% per annum. She repaid her loan in 4 years with 48 equal...

Answered: 1 week ago

Question

★★★★★

C Does self-policing work on the Internet? What circumstances might inhibit a groups ability to selfpolice?

Answered: 1 week ago

Question

★★★★★

A Do you participate in Internet forums? Do you prefer moderated or open forums? What makes you prefer one over the other?

Answered: 1 week ago

Question

★★★★★

B Which is more important, a free-speech open forum or a managed, productive conflict? Do you think its necessary to trade off one for the other?

Answered: 1 week ago

Previous Question Next Question