Asked by Carol Green on Apr 24, 2024
Verified
What annual rate of return would money have to earn for $1975.00 to be equivalent to $1936.53 paid 100 days earlier?
Annual Rate of Return
The percentage of profit or loss on an investment over the period of a year.
- Cultivate the ability to compute the interest rate required to reconcile two disparate cash flows.
Verified Answer
CA
Learning Objectives
- Cultivate the ability to compute the interest rate required to reconcile two disparate cash flows.