Which of the following investments generates a higher annual rate of return ? A $1,000 return on
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Question:
Which of the following investments generates a higher annual rate of return ?
A $1,000 return on a $10,000 investment after 10 years or
A $1,000 return on a $10,000 investment for 1 year? Explain.
Related Book For
Money Banking and Financial Markets
ISBN: 978-0078021749
4th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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