Question
#40 Suppose you deposit $1,123.00 into an account 5.00 years from today. Exactly 18.00 years from today the account is worth $1,609.00. What was the
#40
Suppose you deposit $1,123.00 into an account 5.00 years from today. Exactly 18.00 years from today the account is worth $1,609.00. What was the account's interest rate?
Answer format:Percentage Round to: 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243))
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
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