You deposit $5000 into an account that will grow to $14,930 in 6 years. Your rate of return on this investment is closest to what value? (a) 18% (b) 20% (c) 22% (d) 25%
You deposit $5000 into an account that will grow to $14,930 in 6 years. Your rate of return on this investment is closest to what value? (a) 18% (b) 20% (c) 22% (d) 25%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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You deposit $5000 into an account that will grow to $14,930 in 6 years. Your
(a) 18% (b) 20% (c) 22% (d) 25%
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