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Youre trying to choose between two different investments, both of which have up-front costs of $97,000. Investment G returns $162,000 in 6 years. Investment H
Youre trying to choose between two different investments, both of which have up-front costs of $97,000. Investment G returns $162,000 in 6 years. Investment H returns $282,000 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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