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Youre trying to choose between two different investments, both of which require you to invest $81,000 today. Investment G would pay you $145,800 6 years
Youre trying to choose between two different investments, both of which require you to invest $81,000 today. Investment G would pay you $145,800 6 years from today. Investment H would pay you $205,740 10 years from today. |
Required: | |
What is the annual rate of return (or interest rate) on each of these two investments? (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16)) |
Interest rate | |
Investment G | % |
Investment H | % |
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