Consider an investment which pays 1.05 times your original payment (which is not returned) after two months. Find the annualised rate of return of this investment. Your answer should be a percentage, but do not enter the % sign. For example, it your answer is 75, enter 75. Answer:

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
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Consider an investment which pays 1.05 times your original payment (which is not returned) after two months. Find the annualised rate of return
of this investment. Your answer should be a percentage, but do not enter the 9% sign. For example, it your answer is 75, enter 75.
Answer:
Transcribed Image Text:Consider an investment which pays 1.05 times your original payment (which is not returned) after two months. Find the annualised rate of return of this investment. Your answer should be a percentage, but do not enter the 9% sign. For example, it your answer is 75, enter 75. Answer:
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