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What is the effective annual return for investment one, a five-year investment with a cost of $460 and a promised payout of $920 at maturity?
What is the effective annual return for investment one, a five-year investment with a cost of $460 and a promised payout of $920 at maturity? % (Round to two decimal places.) What is the effective annual return for investment two, a seven-year investment with a cost of $460 and a promised payout of $1,242 ? % (Round to two decimal places.) What is the effective annual return for investment three, a ten-year investment with a cost of $460 and a promised payout of $2,162? % (Round to two decimal places.) Which is the best investment choice? (Select the best response.) Investment one
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