What was the annually compounded nominal rate of growth if an investment of $1000 grew to be
Question:
What was the annually compounded nominal rate of growth if an investment of $1000 grew to be worth $2321.06 after 20 years?
Calculate interest rates accurate to the nearest 0.01%.
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PV 1000 FV 232106 n 20 Yn FV PV 1 2321...View the full answer
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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