The value of an investment grows from $10,000 to $15,000 in 3 years. What is the CAGR?Soove

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...
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The value of an investment grows from $10,000 to $15,000 in 3 years. What is the CAGR?Soove

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