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A finance professor wishes to invest $50,000 at the end of this year. He wants his investment to grow to $171,000 in 17 years. At

A finance professor wishes to invest $50,000 at the end of this year. He wants his investment to grow to $171,000 in 17 years. At what interest rate must the professor invest to reach his goal?

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Financial Management Core Concepts

Authors: Raymond M Brooks

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