Even if you are given a present value,a single future value,and a time period,solving for the rate of return,r,is still a trial-and-error process.

Name: Even if you are given a present value,a single future value,and a time period,solving for the rate of return,r,is still a trial-and-error process.
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Question

Quizplus · Accepted Answer

The rate of return can be calculated using the formula for compound interest or the present value formula, which allows for direct computation without trial-and-error.

Even If You Are Given a Present Value,a Single Future