You deposited $15,000 in an account 22 years ago, and now the account has $50,000 in it. What was the annual rate of return that you received on this investment?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 10EB: You have been depositing money into an account yearly based on the following investment amounts,...
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Hello tutor please provide answer accounting questions

You deposited $15,000 in an account 22 years
ago, and now the account has $50,000 in it.
What was the annual rate of return that you
received on this investment?
Transcribed Image Text:You deposited $15,000 in an account 22 years ago, and now the account has $50,000 in it. What was the annual rate of return that you received on this investment?
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