If you invest ($1),500 today and withdraw ($2),500 in 3 years, what interest rate was earned?

Question:

If you invest \($1\),500 today and withdraw \($2\),500 in 3 years, what interest rate was earned?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

Question Posted: