# Solution: What is the annual rate of return on investment for the project?

(Last Updated On: December 8, 2017)

#### Problem Statement: EE Board October 1997

An investment of P350,000 is made today to be followed by payments of P200,000 each year for 3 years. What is the annual rate of return on investment for the project?

• A. 32.7%
• B. 33.8%
• C. 33.2%
• D. 33.6%

#### Problem Answer:

The annual rate of return on investment for the project is 32.7%.

Solution:

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