An investor invests $50,000 in an insurance product that is guaranteed to return $75,000 in 2 years.
Question:
An investor invests $50,000 in an insurance product that is guaranteed to return $75,000 in 2 years. What is the annual rate of return for the product? LO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Foundations Of Real Estate Financial Modelling
ISBN: 9781032454597
3rd Edition
Authors: Roger Staiger
Question Posted: