If you were offered $ 1,079.50 10 years from now in return for an investment of $

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If you were offered $ 1,079.50 10 years from now in return for an investment of $ 500 currently, what annual rate of interest would you earn if you took the offer?
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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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