One year ago, you invested $2,980. Today it is worth $3,800.50. What rate of interest did you

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One year ago, you invested $2,980. Today it is worth $3,800.50. What rate of interest did you earn?

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International financial management

ISBN: 978-1337587211

13th edition

Authors: Jeff Madura

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Posted Date: Mar 14, 2024 03:02 AM

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One year ago, you invested $2,980. Today it is worth $3,800.50. What rate of interest did you

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To find the rate of interest earned we can use the formula for calculating simple interest Int... View the full answer

International financial management

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