Based on the schedule below, you invested $155,000 and five years later you received $271,000. What is the annual rate of return on the investment?
Round your answer to 4 decimal places and answer in the decimal format. For example, if your answer was 13.4567%, the correct answer format is .1346 and not 13.46.
Initial
Investmen
Future Years
CF1
CF2
CF3
CF4
CF5
\$ 155,000 \$
25,000 \$ 38,000 \$
43,000
\$ 65,000 \$ 100,000
Sum of CF
\$ 271,000
Numeric Response