Pierre invested $15,500 in shares of a blue chip company. After five years, he sold the shares

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Pierre invested $15,500 in shares of a blue chip company. After five years, he sold the shares at market price and earned a profit of $10,000. Calculate the effective interest rate of growth of the shares.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Aug 30, 2024 09:05 AM

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Pierre invested $15,500 in shares of a blue chip company. After five years, he sold the shares

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Mathematics Of Business And Finance

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