An investment grows from $10,000 to $22,000 in five years. What is the average rate of return?

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Introductory Business Statistics

ISBN: 202318

1st Edition

Authors: Alexander Holmes , Barbara Illowsky , Susan Dean

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Question Posted: May 09, 2024 07:37 AM

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An investment grows from $10,000 to $22,000 in five years. What is the average rate of return?

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To calculate the average rate of return for an investment over a period of time you can use the f...View the full answer

Introductory Business Statistics

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