Calculate the rate of return for each these investments


You're trying to choose between two different investments, both of which have up-front costs of $45,000. Investment G returns $75,000 in six years. Investment H returns $105,000 in nine years.


Required:

Calculate the rate of return for each these investments. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).)

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Finance Basics: Calculate the rate of return for each these investments
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