You pay $4,000 for a security that you expect will be worth $30,000 exactly 8 years from

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You pay $4,000 for a security that you expect will be worth $30,000 exactly 8 years from now. The security will make no intermediate payments.

What is the annualized return on this security (3+ decimals)?

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Jun 20, 2023 03:14 AM

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You pay $4,000 for a security that you expect will be worth $30,000 exactly 8 years from

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CAGR Ending Value Beginning Value 1 N... View the full answer

Personal Finance Turning Money into Wealth

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