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4. You have $3,000 and want to double it in 5 years. What rate of return must your investment earn to achieve your goal?

4. You have $3,000 and want to double it in 5 years. What rate of return must your investment earn to achieve your goal?
asked 80.2k views
4 votes
4. You have $3,000 and want to double it in 5 years. What rate of return must your

investment earn to achieve your goal?

asked
User Galuoises
by
7.8k points

1 Answer

1 vote

Answer:

4.3% , 645 ÷ 5 = 129, 4.3% of 3000 is 129

Explanation:

answered
User SaboSuke
by
8.4k points
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