What annual rate of return is earned on a $4,000 investment made in year 2 when it

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What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $6,500 by the end of year seven?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:25 AM

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What annual rate of return is earned on a $4,000 investment made in year 2 when it

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FV N PV 1 i N FV 7 PV 2 1 i 7 2 ...View the full answer

Finance Applications and Theory

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