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Expected annual return for investment b

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Sasha owns two investments, A and B, that have a combined total value of 53,700 dollars. Investment A is expected to pay 28,200 dollars in 1 year(s) from today and has an expected return of 15.9 percent per year. Investment B is expected to pay 57,193 in 6 years from today and has an expected return of R per year. What is R, the expected annual return for investment B? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Reference no: EM132540568

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