Question

Paul invested $10,000 in a security that will double in value in ten years. Approximately what annual rate of return is this investment making? 10.0 percent 7.2 percent 6.3 percent 5.8 percent

Answer 1

The right answer for the question that is being asked and shown above is that: "5.8 percent." Paul invested $10,000 in a security that will double in value in ten years. Approximately the annual rate of return is this investment making is 5.8 percent