Answered: You invest $4200 for a period of 7…

You invest $4200 for a period of 7 years. At the end of 7 years your investment has grown to $7200. What is the annual rate of return on this investment? O a. 6.18% O b. 10.20% O c. 8.00% O d. 71.43%

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 19E

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Question

You invest $4200 for a period of 7 years. At the end of 7 years your investment has grown to
$7200. What is the annual rate of return on this investment?
O a. 6.18%
b. 10.20%
O c. 8.00%
O d. 71.43%

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