Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac
Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac
9th Edition
ISBN: 9781260260779
Author: Wild
Publisher: MCG
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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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