Question
Youre trying to choose between two different investments, both of which have up-front costs of $64,000. Investment G returns $124,000 in seven years. Investment H
| Youre trying to choose between two different investments, both of which have up-front costs of $64,000. Investment G returns $124,000 in seven years. Investment H returns $184,000 in 11 years. |
| Calculate the interest rate for Investments G and H. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) |
| Interest rate | |
| Investment G | % |
| Investment H | % |
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Principles Of Financial Accounting
Authors: Belverd E Needles, Marian Powers
11th Edition
0538755164, 9780538755160
