Your investment advisor promises invest $10,000 with me today and I double your money in four years.
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Question:
Your investment advisor promises "invest $10,000 with me today and I double your money in four years." What is the implied interest rate (APR, annually compounded) in her promise?
Related Book For
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
Posted Date: