Question
Youre trying to choose between two different investments, both of which have up-front costs of $55,000. Investment G returns $115,000 in seven years. Investment H
| Youre trying to choose between two different investments, both of which have up-front costs of $55,000. Investment G returns $115,000 in seven years. Investment H returns $175,000 in 11 years. |
| Calculate the interest rate for Investments G and H. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Interest rate | |
| Investment G | % |
| Investment H | % |
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Short Term Financial Management
Authors: Terry S. Maness, John T. Zietlow
2nd Edition
0030315131, 978-0030315138
