You are offered an investment opportunity for 21,339. It promises a payout of 59,798 in...

90.2K

Verified Solution

Question

Finance

You are offered an investment opportunity for 21,339. It promises a payout of 59,798 in 25 years. What is the annual rate of return on this investment? Please enter your answer without the "%" sign (in other words as 12.45 for 12.45%).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students