Question
You are offered an investment that requires you to put up $3,000 today in exchange for $10,000 15 years from now. What is the annual
You are offered an investment that requires you to put up $3,000 today in exchange for $10,000 15 years from now. What is the annual rate of return on this investment?
Select one:
A. 7.36%
B. 8.36%
C. 9.36%
D. 10.36%
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Principles Of Banking
Authors: Allyn C Buzzel
11th Edition
089982689X, 9780899826899
