What annual rate of return did you earn on this investment

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Reference no: EM131982683

1. The WeLikeSeaTurtles Company paid out $ 5 million in dividends in 2017. At the end of 2016, the balance sheet showed retained earnings of $101 million, and $115 million at the end of 2017. What was the net income for 2017? Show all work for full credit

2. You are evaluating an investment you made 5 years ago. At that time, you invested $3,000. The investment has grown to $5,287.03. What annual rate of return did you earn on this investment? SHOW ALL WORK USING time value of money buttons and write them out ON THE TI BA II Plus Calculator for FULL CREDIT.

Reference no: EM131982683

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