Loose Leaf for Financial Accounting: Information for Decisions
Loose Leaf for Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158762
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter B, Problem 2QS
Summary Introduction

Concept Introduction:

Return on investment is the annual rate of interest earned on the amount invested. The rate of interest earned is calculated by comparing the present value and the future value of the investment.

To calculate: the annual rate of interest for the given investment.

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