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?
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Posted Date: