Ask Question
18 August, 17:29

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?

+2
Answers (1)
  1. 18 August, 20:29
    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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers