What annual rate of return is earned on a 4000 investment


1. What is the value in year 10 of a $240 cash flow made in year 3 if interest rates are 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Value in year 10 $

2. Approximately how many years are needed to double a $100 investment when interest rates are 9.25 percent per year? (Round your answer to 2 decimal places.)

Period years

3. What annual rate of return is earned on a $4,000 investment made in year 4 when it grows to $7,400 by the end of year 7? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Annual rate of return %

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Financial Management: What annual rate of return is earned on a 4000 investment
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