• An investment will pay you $3045.73 in 2 years if you pay $2215.19 today. What is the implied rate of return? (Convert to a percent. Round to 2 decimal places.)

   

  This problem set includes questions where you will be required to solve for:

  1. rate (r)

  2. time (t)

  3. PV of a lump sum

  4. FV of a lump sum

Answer rating: 100% (QA)

To find the implied rate of return in this investment we ... View the full answer