You invested $10,000 10 years ago in a 10-year CD. You just received word from your bank

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You invested $10,000 10 years ago in a 10-year CD. You just received word from your bank that the CD has matured and that you now have $18,771.37 in your account.

What was the annual rate of interest earned on the 10-year CD?

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Fundamentals Of Financial Management Concise

ISBN: 9780324258721

4th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Jul 15, 2024 01:06 AM

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You invested $10,000 10 years ago in a 10-year CD. You just received word from your bank

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Fundamentals Of Financial Management Concise

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