Question

You will deposit $7,580 in an investment account 35 months from today and know it will...

You will deposit $7,580 in an investment account 35 months from today and know it will be worth $16,110 in 75 months from today. What is the implied EAR on this investment?

Question 2 options:

24.75%

25.38%

26.01%

26.65%

27.28%

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

NEED HELP WITH FINANCIAL CALCULATOR, LET ME KNOW

AS NOTHING WAS MENTIONED, SOLVED WITH EXCEL.

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