Question: Five years ago , I planted a tree that was three feet tall. Today the tree is twelve feet tall. What was the annual growth
Five years ago , I planted a tree that was three feet tall. Today the tree is twelve feet tall. What was the annual growth rate? I know that the PV is 3 and the FV is 12 and the n is 5 but not sure how to see what the I/Y is . Please help and tell me what teh I/Y is and how you got teh answer.
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