Jonathan has $3,000 to invest for three years. He wants to receive $5,000 at the end of

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Jonathan has $3,000 to invest for three years. He wants to receive $5,000 at the end of the three years.

What interest rate per annum would his investment have to earn to achieve his goal?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 17, 2023 01:46 AM

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Jonathan has $3,000 to invest for three years. He wants to receive $5,000 at the end of

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Personal Finance

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