Evan is going to invest $2,800 and leave it in an account for 12 years. Assuming the interest is compounded annually, what interest rate, to the nearest hundredth of a
percent, would be required in order for Evan to end up with $5,000?

Here's link to the

cutt.ly/zxt1ipy

r = 4.95046%              

r ≈ 4.95%                      

i think it is

step-by-step explanation:

a formal letter is a letter the you would send to a king

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%