# Suppose that you know that you can invest $20,000 today and receive $6,000 per year for five

## Question:

Suppose that you know that you can invest $20,000 today and receive $6,000 per year for five years. Explain briefly how you would determine the approximate compound rate of return on your investment, using an annuity table.

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**Related Book For**

## Cost Accounting Principles And Applications

**ISBN:** 9780028034287

6th Edition

**Authors:** Horace R. Brock, Linda Herrington