EBK FOUNDATIONS OF FINANCIAL MANAGEMENT
EBK FOUNDATIONS OF FINANCIAL MANAGEMENT
17th Edition
ISBN: 9781260464900
Author: BLOCK
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
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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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EBK FOUNDATIONS OF FINANCIAL MANAGEMENT

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