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XYZ owns two investments, A and B that have a combined total value of $54,000. Investment A is expected to pay $31,000 in 2 years
XYZ owns two investments, A and B that have a combined total value of $54,000. Investment A is expected to pay $31,000 in 2 years from today and has an expected turn of 7.60 percent per year. Investment B is expected to pay $44,000 in 5 years from today and has an expected turn of R per year. What is R, the expected annual return for investment B?
A. 12.32%
B. 13.85%
C. 11.80%
D. 10.08%
E. None of the above is within 0.2 percentage points of the correct answer
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