At what annual interest rate would the following have to be invested? a. $500 to grow to

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At what annual interest rate would the following have to be invested?
a. $500 to grow to $1,948.00 in 12 years
b. $300 to grow to $422.10 in 7 years
c. $50 to grow to $280.20 in 20 years
d. $200 to grow to $497.60 in 5 years

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Question Posted: Oct 31, 2014 07:24 AM

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At what annual interest rate would the following have to be invested? a. $500 to grow to

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a FV n PV 1 i n 1948 500 1 i 12 3896 1 i 12 3896 112 1 i 112 1i i 0...View the full answer

Financial Management Principles and Applications

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