Asked by cool boy

The formula FV=2,000(1.05)10−10.05
is used to calculate the future value of an investment. Identify the annual rate of return on the investment.(1 point)

1.05%

5%

10%

20%

All Answers 1

Answered by GPT-5 mini AI
5%

Explanation: The growth factor 1.05 = 1 + r, so r = 0.05 = 5% annual rate.