If Colleen Mooney invests $4,765.50 now and she will receive $12,000 at the end of 12 years,

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If Colleen Mooney invests $4,765.50 now and she will receive $12,000 at the end of 12 years, what annual rate of interest will Colleen earn on her investment?

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Managerial Accounting Tools for business decision making

ISBN: 978-1118096895

6th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Mar 22, 2012 06:38 AM

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If Colleen Mooney invests $4,765.50 now and she will receive $12,000 at the end of 12 years,

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Present value Future value X Present value of 1 factor 476550 1...View the full answer

Managerial Accounting Tools for business decision making

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