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Gre4nikov [31]
3 years ago
11

What annual rate of return is earned on a $1,000 investment when it grows to $2,300 in six years? (Do not round intermediate cal

culations. Round your answer to 2 decimal places.)
Business
1 answer:
Paul [167]3 years ago
5 0

Answer:

14.89%

Explanation:

Present value: $1,000

Future value: $2,300

Tenor = 6 years

FV = PV * (1+ rate) ^tenor

⇔2,300 = 1,000 * (1 + rate) ^6

⇔(1+rate)^6 = 2300/1000 = 2.3

⇔ 1+ rate = 2.3^(1/6) = 1.1489

=> Rate = 1.1489-1  =0.1489   = 14.89%

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Answer:

a. Subassemblies

Explanation:

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2 years ago
If the same number of units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two
andrey2020 [161]

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      0               20             _        

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       20              0           -10/10 = -1                   (0-10)(/20-10)

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