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Business, 14.12.2019 03:31 genyjoannerubiera

Rate of return personal finance problem rishi singh has $1 comma 700 to invest. his investment counselor suggests that rishi should buy an investment that pays no interest but will be worth $2 comma 300 after 9 years.
a. what average annual rate of return will rishi earn with this investment?
b. rishi is considering another investment, of equal risk, that earns an annual return of 1.42% . which investment should he make, and why?

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Rate of return personal finance problem rishi singh has $1 comma 700 to invest. his investment couns...
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