A friend offers you an investment. They ask you to put in $19978 today and promise to
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A friend offers you an investment. They ask you to put in $19978 today and promise to pay you $48430 in 3 years. What is the annual rate of return your friend is offering on this investment? Please write answers as a percentage, and include at least one decimal place.
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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