Set your calculator to 4 or more decimal places. 1. You invest $7,000 at the end of

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Set your calculator to 4 or more decimal places.

1. You invest $7,000 at the end of each year for 10 years. The investment value at the end of 10 years is $106,351. What is the annual rate of return?

2. You invest $10,000 today at 8% APR. How long will it take for your investment to triple in value?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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Posted Date: Apr 05, 2024 02:37 AM

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Set your calculator to 4 or more decimal places. 1. You invest $7,000 at the end of

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1 To calculate the annual rate of return for an investment that grows to 106351 at the end of 10 yea... View the full answer

Financial Accounting Information For Decisions

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