Which of the following 1-year investment has the highest rate of return? S500 that yields S110 in interest. S2,500 that yields $300 in interest. O $12,000 that yields $960 in interest. O S20,000 that yields $1,200 in interest.
Which of the following 1-year investment has the highest rate of return? S500 that yields S110 in interest. S2,500 that yields $300 in interest. O $12,000 that yields $960 in interest. O S20,000 that yields $1,200 in interest.
Chapter4: Time Value Of Money
Section4.12: Uneven, Or Irregular, Cash Flows
Problem 3ST
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