Homework Help Forum: Finance.

Posted by James on Saturday, October 10, 2009 at 12:39pm.

Anthony is asking you to invest in a venture that will double your money in 3 years. Compute the annual rate of return they are promising you?

• Finance. - jim, Saturday, October 10, 2009 at 1:04pm

  I just answered a very similar question from Kim right below. The method to solve this is the same, but you can make up your own numbers: say, 10,000 at the start and 20,000 at the end.

  
  

• finance - james, Saturday, October 10, 2009 at 1:15pm

  i understand the problem below but how is it related to this problem ...would this answer be 41.42%

  
  

• Finance. - jim, Saturday, October 10, 2009 at 1:20pm

  Start with 10, finish with 20 after 1 year you have 10*x after 2 years 10*x*x after 3 years 10*x*x*x 10 x^3 = 20 x^3 = 2

  
  

Answer this Question

First Name:
School Subject:
Answer: