Cindy Houston has a debt of $27,600 that she wants to pay off 4 years from today.

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Cindy Houston has a debt of $27,600 that she wants to pay off 4 years from today. She has $19,553 that she intends to invest over the 4 years.

What interest rate will she need to earn annually to pay off the debt?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Posted Date: May 16, 2023 01:52 AM

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Cindy Houston has a debt of $27,600 that she wants to pay off 4 years from today.

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To determine the interest rate that Cindy Houston needs to earn annua... View the full answer

Intermediate Accounting

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