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mantparn mantparn
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7 years ago
A local bank is offering a zero-coupon certificate of deposit for $25,000. At maturity, three years from now, the investor will receive $32,000. What is the rate of return on this investment?
A) 3 percent
B) 6 percent
C) 9 percent
D) 12 percent
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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mantparn Author
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#2
7 years ago
*Incredible*
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