AllTech Corporation had a balance of $ 2,400 in Prepaid Supplies at the beginning of the year. The company purchased $ 1,200 of
1 answer:
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Answer:
annual compounded return = 4.73 %
so correct option is D) 4.73%
Explanation:
given data
present value = $25
future value = $100
time = 30 year
to find out
annual compounded return
solution
we get here annual compounded return that is express as
annual compounded return = ............1
here t is time period and FV is future value and PV is present value
so put here all value in equation 1 we get
annual compounded return =
annual compounded return = 0.047294
annual compounded return = 4.73 %
so correct option is D) 4.73%