At what annual interest rate, compounded annually, would $500 have to be invested for it to grow

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At what annual interest rate, compounded annually, would $500 have to be invested for it to grow to $1,932.27 in 13 years?

Related Book For answer-question

Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Posted Date: Mar 20, 2024 02:53 AM

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At what annual interest rate, compounded annually, would $500 have to be invested for it to grow

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Answer To achieve a future value of 193227 in 13 years with an initial investment of 500 the annual ... View the full answer

Foundations of Finance The Logic and Practice of Financial Management

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