Ask Question
19 December, 13:57

A business purchased for $650,000 in 1994 is sold in 1997 for $850,000. What is the annual rate of return for this investment?

+3
Answers (1)
  1. 19 December, 14:10
    0
    The annual rat of return for this investment would be

    850000=650000 * (1 + (r/1)) ^ (1*3)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A business purchased for $650,000 in 1994 is sold in 1997 for $850,000. What is the annual rate of return for this investment? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers