Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will receive $2,300 each year for the next 14 years? The rate of return on the investment, r, is%. (Round to two decimal places.)
Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will receive $2,300 each year for the next 14 years? The rate of return on the investment, r, is%. (Round to two decimal places.)
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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Hi sir hope you are doing well pls help
![Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will receive $2,300 each year for
the next 14 years?
The rate of return on the investment, r, is %. (Round to two decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb82d7af1-674f-4590-aea3-7b88c09248c1%2F44e0d8f2-b6af-4932-b773-c771a3c7d129%2F3igef1g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will receive $2,300 each year for
the next 14 years?
The rate of return on the investment, r, is %. (Round to two decimal places.)
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