Question
Youre trying to choose between two different investments, both of which have up-front costs of $93,000. Investment G returns $158,000 in 6 years. Investment H
You’re trying to choose between two different investments, both of which have up-front costs of $93,000. Investment G returns $158,000 in 6 years. Investment H returns $278,000 in 13 years. Calculate the rate of return for each of these investments. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Rate of Return
Investment G___ %
Investment H_____ %
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
978-0073405131, 9780073405131
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