Suppose that at the start of college, you have $1,000 to invest and would like for...
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Suppose that at the start of college, you have $1,000 to invest and would like for it to grow to $1,250 at the end of your senior year through monthly compounding. Determine the general formula for the interest rate required for the growth and then compute the interest rate. Suppose that at the start of college, you have $1,000 to invest and would like for it to grow to $1,250 at the end of your senior year through monthly compounding. Determine the general formula for the interest rate required for the growth and then compute the interest rate.
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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