Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice prod a. Invest $420.00 and receive $837.57 in 12 years. b. Invest $2,800.00 and receive $11,555.99 in 18 years. c. Invest $32,787.94 and receive $120,000.00 in 24 years. d. Invest $32,538.78 and receive $1,300,000.00 in 35 years. a. What annual rate of return will Keiko earn if she invests $420.00 today and receives $837.57 in 12 years? % (Round to two decimal places.)

Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice prod a. Invest $420.00 and receive $837.57 in 12 years. b. Invest $2,800.00 and receive $11,555.99 in 18 years. c. Invest $32,787.94 and receive $120,000.00 in 24 years. d. Invest $32,538.78 and receive $1,300,000.00 in 35 years. a. What annual rate of return will Keiko earn if she invests $420.00 today and receives $837.57 in 12 years? % (Round to two decimal places.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice prod
a. Invest $420.00 and receive $837.57 in 12 years.
b. Invest $2,800.00 and receive $11,555.99 in 18 years.
c. Invest $32,787.94 and receive $120,000.00 in 24 years.
d. Invest $32,538.78 and receive $1,300,000.00 in 35 years.
a. What annual rate of return will Keiko earn if she invests $420.00 today and receives $837.57 in 12 years?
% (Round to two decimal places.)

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