Foundations of Financial Management
Foundations of Financial Management
16th Edition
ISBN: 9781259277160
Author: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Publisher: McGraw-Hill Education
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Chapter 9, Problem 32P
Summary Introduction

To calculate: The rate of return required to get $71,231 on investing $9,260 in 18 years.

Introduction:

Rate of return:

A rate that shows the net profit or loss of an investor on their investment over a particular time period is termed as the rate of return.

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Foundations of Financial Management

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