If you invest $25,000 today and eight years later receive $34,010.59, what annually compounded return have you earned?  (answer in percentage, but without the % sign, e.g. 6.51% is entered as 6.51 - not 0.0651)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...
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If you invest $25,000 today and eight years later receive $34,010.59, what annually compounded return have you earned?
 (answer in percentage, but without the % sign, e.g. 6.51% is entered as 6.51 - not 0.0651)
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