What rate of interest compounded annually is involved if a. an investment of ($10),000 made now will
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What rate of interest compounded annually is involved if
a. an investment of \($10\),000 made now will result in a receipt of \($23\),674 ten years from now?
b. an investment of \($2\),000 made 18 years ago has increased in value to \($15\),380?
c. an investment of \($2\),500 made now will result in a receipt of \($4\),212 five years from now?
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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