What annual rate of return is earned on a $10,000 investment when it grows to $15,000 in 10 years? Multiple Choice 5.00 percent 1.50 percent 3.97 percent 4.14 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
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Chapter10: Capital Budgeting: Decision Criteria And Real Option
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What annual rate of return is earned on a $10,000 investment when it grows to $15,000 in 10 years?
Multiple Choice
5.00 percent
О
1.50 percent
О
3.97 percent
О
4.14 percent
Transcribed Image Text:What annual rate of return is earned on a $10,000 investment when it grows to $15,000 in 10 years? Multiple Choice 5.00 percent О 1.50 percent О 3.97 percent О 4.14 percent
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