Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will receive $2,300 each year for the next 14 years? The rate of return on the investment, r, is%. (Round to two decimal places.)

Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will receive $2,300 each year for the next 14 years? The rate of return on the investment, r, is%. (Round to two decimal places.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will receive $2,300 each year for
the next 14 years?
The rate of return on the investment, r, is %. (Round to two decimal places.)

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