7) A return of $104,000 (like interest) will be realized on an original investment of $200,000 over...

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7) A return of $104,000 (like interest) will be realized on an original investment of $200,000 over a 5-year period. Determine: (4) a) The rate of return using simple interest. b) The rate of return using compound interest (compounded annually), where the Future Value is $304,000

Posted Date: Jun 25, 2024 04:40 PM

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7) A return of $104,000 (like interest) will be realized on an original investment of $200,000 over...

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