Determine the annual interest rate that is needed for the following investments to accumulate to $50,000. 1.

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Determine the annual interest rate that is needed for the following investments to accumulate to $50,000.

1. $10,414 for 20 years, interest compounded semiannually.

2. $7,102 for 10 years, interest compounded quarterly.

3. $33,778 for 10 years, interest compounded annually.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 07:08 AM

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Determine the annual interest rate that is needed for the following investments to accumulate to $50,000. 1.

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