Foundations Of Financial Management
Foundations Of Financial Management
17th Edition
ISBN: 9781260013917
Author: BLOCK, Stanley B., HIRT, Geoffrey A., Danielsen, Bartley R.
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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