Find the effective rate of interest at which payments of $100 at the present, $200 at...

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Find the effective rate of interest at which payments of $100 at the present, $200 at the end of one year. and $400 at the end of two years will accumulate to $900 at the end of two years. ANSWER= %. Find the effective rate of interest at which payments of $100 at the present, $200 at the end of one year. and $400 at the end of two years will accumulate to $900 at the end of two years. ANSWER= %.

Answer rating: 100% (QA)

Solution Accumulated amount is generated by investmen... View the full answer