Determining annual rate of return


Assignment:

What annual rate of return is earned on a $5,000 investment when it grows to $10, 500 in five years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Annual rate of return _______________ %

Provide complete and step by step solution for the question and show calculations and use formulas.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Determining annual rate of return
Reference No:- TGS01994703

Expected delivery within 24 Hours