e. Suppose you can deposit only $186.29 each at the end of Years 1 through 4, but
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e. Suppose you can deposit only $186.29 each at the end of Years 1 through 4, but you still need $1,000 at the end of Year 4. What interest rate, with annual compounding, is required to achieve your goal?
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Related Book For
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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