If you deposit $1,000 into a bank account today, what annually compounded interest rate would you need

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If you deposit $1,000 into a bank account today, what annually compounded interest rate would you need to earn in order to have $3,000 in 7 years? Enter your answer as a percentage rounded 2 decimal places.

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Jun 23, 2023 07:52 AM

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If you deposit $1,000 into a bank account today, what annually compounded interest rate would you need

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Principles of Finance

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