What annual rate of return is earned on a 4000 investment, Finance Basics

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What annual rate of return is earned on a 4000 investment

Question: What annual rate of return is earned on a $4,000 investment made in year 5 when it grows to $9,000 by the end of year 9? (Do not round intermediate calculations and round your final answer to 2 decimal places.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: What annual rate of return is earned on a 4000 investment

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