Patrick Seeley has $2,400 to invest. His brother approached him with an investment opportunity that could double

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Patrick Seeley has $2,400 to invest. His brother approached him with an investment opportunity that could double his money in four years. What annual interest rate would the investment have to yield in order for Patrick’s brother to deliver on his promise?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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