Asked by Vaden Mangler on May 13, 2024
Verified
If Kelly Cranford invests $11970 now she will receive $40000 at the end of 14 years. What annual rate of return will Kelly earn on her investment?
Annual Rate
The interest rate for a period of one year, often used to compare the yield of financial products or loans.
- Compute the quantity of payments or the value of an investment for a particular rate of return.
Verified Answer
CA
Learning Objectives
- Compute the quantity of payments or the value of an investment for a particular rate of return.
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