Keiko is looking at the following investment choices and wants to know what interest rate each choice

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Keiko is looking at the following investment choices and wants to know what interest rate each choice produces.

a. Invest $400 and receive $786.86 in ten years.

b. Invest $3,000 and receive $10,927.45 in fifteen years.

c. Invest $31,180.47 and receive $100,000 in twenty years.

d. Invest $31,327.88 and receive $1,000,000 in forty-five years.

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Financial Management Core Concepts

ISBN: 978-0132671033

2nd edition

Authors: Raymond M Brooks

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Question Posted: May 08, 2014 07:04 AM

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Keiko is looking at the following investment choices and wants to know what interest rate each choice

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a r 78686400 110 1 107 1 700 b r 1...View the full answer

Financial Management Core Concepts

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