The investment Dani purchased for $7,500 eight years ago is currently worth $11,081. If interest...
50.1K
Verified Solution
Link Copied!
Question
Finance
The investment Dani purchased for $7,500 eight years ago is currently worth $11,081. If interest is compounded annually, what annual rate of return did Dani earn on her investment?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!