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What average annual rate of return will rishi earn

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Question

Rishi Singh has ?$1,500 to invest. His investment counselor suggests that Rishi should buy an investment that pays no interest but will be worth ?$2,200 after 8 years.  

a. What average annual rate of return will Rishi earn with this? investment?

b. Rishi is considering another? investment, of equal? risk, that earns an annual return of 2.90%. Which investment should he? make, and? why?

Reference no: EM132405296

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