An investment of $5,000 grows to $6,000 over a period of 2 years. What is the annualized rate of return on this investment?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 10EB: You have been depositing money into an account yearly based on the following investment amounts,...
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An investment of $5,000 grows to $6,000
over a period of 2 years. What is the
annualized rate of return on this
investment?
Transcribed Image Text:An investment of $5,000 grows to $6,000 over a period of 2 years. What is the annualized rate of return on this investment?
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