Diana deposited 3,500 SAR every month into her retirement plan. After 10 years, Diana has accumulated...
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Diana deposited 3,500 SAR every month into her retirement plan. After 10 years, Diana has accumulated 840,000 SAR. What was the average annual interest rate earned over the 10 years period? (Hint: use the RATE excel function) Answer: Diana deposited 3,500 SAR every month into her retirement plan. After 10 years, Diana has accumulated 840,000 SAR. What was the average annual interest rate earned over the 10 years period? (Hint: use the RATE excel function) Answer:
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To calculate the average annual interest rate earned over the 10year period we can use the ... View the full answer
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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