Iselt Welding has extra funds to invest for future capital expansion. If the selected investment pays simple

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Iselt Welding has extra funds to invest for future capital expansion. If the selected investment pays simple interest, what interest rate would be required for the amount to grow from $60,000 to $90,000 in 5 years?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 05:30 AM

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Iselt Welding has extra funds to invest for future capital expansion. If the selected investment pays simple

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Form the given data principle amount P 60000 Amount after 5 year A 90000 Interest m...View the full answer

Engineering economy

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