Suppose you invest $50,000 and wanted to turn it into $1,000,000 in 25 years. If the $50,000

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Suppose you invest $50,000 and wanted to turn it into $1,000,000 in 25 years. If the $50,000 were invested at an interest rate that was compounded daily, what APR would you need to accomplish your goal?

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Principles of managerial finance

ISBN: 978-0132479547

12th edition

Authors: Lawrence J Gitman, Chad J Zutter

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Posted Date: Mar 20, 2023 01:22 AM

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Suppose you invest $50,000 and wanted to turn it into $1,000,000 in 25 years. If the $50,000

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AP 1 r n nt 1000000 500001 001 r 365 365x... View the full answer

Principles of managerial finance

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