EBK CFIN
EBK CFIN
6th Edition
ISBN: 9781337671743
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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20.
An investment doubles in value over 8
years. What was the annual compound
rate of return?
a) 9%
b) 12%
c) 8%
d) 15%
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Transcribed Image Text:An investment doubles in value over 8 years. What was the annual compound rate of return? a) 9% b) 12% c) 8% d) 15%
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EBK CFIN
Finance
ISBN:9781337671743
Author:BESLEY
Publisher:CENGAGE LEARNING - CONSIGNMENT