At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14

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At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years? how to input financial data in excel in order to answer this question?

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Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Apr 29, 2024 08:03 AM

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At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14

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Expert Answer:

To calculate the interest rate required for an investment to grow from 112000 to 392000 over a period of 14 years you can use the RATE function in Exc... View the full answer

Corporate Finance A Focused Approach

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