What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $6,500 by the end of year seven?
Answer to relevant QuestionsWhat annual rate of return is implied on a $2,500 loan taken next year when $3,500 must be repaid in year 4? Determine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year. People can become millionaires in their retirement years quite easily if they start saving early in employer 401(k) or 403(b) programs (or even if their employers don’t offer such programs). Demonstrate the growth of a ...Compute the present value of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 4 using an 8 percent interest rate.A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $1,000 per month for the next three years and then $2,000 per month for two years after that. If the bank is charging ...
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