If you were offered $1,079.50 ten years from now in return for an investment of $500 currently,

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If you were offered $1,079.50 ten years from now in return for an investment of $500 currently, what annual rate of interest would you earn if you took the offer?

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Question Posted: Oct 31, 2014 07:25 AM

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If you were offered $ 1,079.50 10 years from now in return for an investment of $ 500 currently, what annual rate of interest would you earn if you took the offer?
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If you were offered $1,079.50 ten years from now in return for an investment of $500 currently,

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Financial Management Principles and Applications

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