Remember to do all 3 and than tell me which is the best investment choice

Save Homework: P8 (Risk & Return) (Copy) 4 of 9 (3 complete) HW Score: 22.22%, 2 of 9 P8-8 (similar to) Question Help * Comparison of returns. WG Investors is looking at three different investment opportunities. Investment one is a five-year investment with a cost of $130 and a promised payout of $260 at maturity. Investment two is a seven-year investment with a cost of $130 and a promised payout of $377. Investment three is a ten-year investment with a cost of $130 and a promised payout of $611. WG Investors can take on only one of the three investments. Assuming that all three investment opportunities have the same level of risk, calculate the effective annual return for each investment, and select the best investment choice What is the effective annual return for investment one, a five-year investment with a cost of $130 and a promised payout of $260 at maturity? (Round to two decimal places ) Enter your answer in the answer box and then click Check Answer Type here to search @e