It is desired to have $9000 available 12 years from now. If $5000 is available for investment

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It is desired to have $9000 available 12 years from now. If $5000 is available for investment at the present time, what discrete annual rate of compound interest on the investment would be necessary to give the desired amount?

Related Book For answer-question

Process Dynamics and Control

ISBN: 978-1119385561

4th edition

Authors: Dale E. Seborg, Thomas F. Edgar, Duncan A. Mellichamp, Francis J. Doyle

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Posted Date: Dec 03, 2022 12:08 AM

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It is desired to have $9000 available 12 years from now. If $5000 is available for investment

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i Total worth required in future S 9000 ii Pre... View the full answer

Process Dynamics and Control

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