Answered: An investment is now worth 46,200. You…

An investment is now worth 46,200. You bought this investment 15 years ago for $5,000. What return did you earn in this investment?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 18PROB

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An investment is now worth 46,200. You bought this investment 15 years ago for $5,000. What return did you earn in this investment?

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