In connection with the United States Bicentennial, the Treasury once contemplated offering a savings bond for $1,000

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In connection with the United States Bicentennial, the Treasury once contemplated offering a savings bond for $1,000 that would be worth $1 million in 100 years. Approximately what compound annual interest rate is implied by these terms?

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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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Question Posted: Dec 07, 2015 05:36 AM

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In connection with the United States Bicentennial, the Treasury once contemplated offering a savings bond for $1,000

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1000000 10001 x 100 1 x 100 10000001000 1000 Taking the square root of both s...View the full answer

Fundamentals Of Financial Management

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