Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 1, Problem 73APQ

An investment of $8,000 nine years ago has accumulated to $16,000 now. The compound rate of return earned on the investment is closest to:

  1. a. 6%
  2. b. 8%
  3. c. 10%
  4. d. 12%
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Students have asked these similar questions
When is the capital-recovery factor used?
ABC company issued a bond paying coupon interest of $120 per year for 10 years maturity. The bond has a face value of $1000. If the yield for similar bond is 14% what is the bond value?
A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000 and pays 4% of its face value each year. If the bond will be paid off at the end of 10 years, what rate return will the man receive?I know the answer is 4.97% I just need help with the process.

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Basics Of Engineering Economy

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