Suppose you deposited $1,000 five years ago and another $1,000 three years ago in your savings account.

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Suppose you deposited $1,000 five years ago and another $1,000 three years ago in your savings account. If your current account balance shows $2,529.24, what is the rate of return on your deposit?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Nov 17, 2018 12:33 PM

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Suppose you deposited $1,000 five years ago and another $1,000 three years ago in your savings account.

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Fundamentals of Engineering Economics

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