Q.2 You deposit 1000 each year in an account for 5 years. At the time of the last deposit, the bank tells you the account is worth 6,500. What rate of return did you earn on your investment?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Q.2 You deposit 1000 each year in an account for 5 years. At the time of the last deposit, the
bank tells you the account is worth 6,500. What rate of return did you earn on your investment?
Transcribed Image Text:Q.2 You deposit 1000 each year in an account for 5 years. At the time of the last deposit, the bank tells you the account is worth 6,500. What rate of return did you earn on your investment?
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