EBK BASICS OF ENGINEERING ECONOMY
EBK BASICS OF ENGINEERING ECONOMY
2nd Edition
ISBN: 9780100255050
Author: Blank
Publisher: YUZU
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Chapter 1, Problem 73APQ

An investment of $8,000 nine years ago has accumulated to $16,000 now. The compound rate of return earned on the investment is closest to:

  1. a. 6%
  2. b. 8%
  3. c. 10%
  4. d. 12%
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EBK BASICS OF ENGINEERING ECONOMY

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