Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you can invest $10,000 in a fund that will pay not

You can invest $10,000 in a fund that will pay nothing in the first two...

90.2K

Verified Solution

Question

Finance

image

You can invest $10,000 in a fund that will pay nothing in the first two years, then $1,000 at the end of the next three years, and finally $11,000 at the end of year six. What is the promised rate of return for this investment? 4.82% 6.97% 6.26% 8.85% 7.69%

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