Question
A financial institution offers a double-your-money savings account in which you will have $2 in 6 years for every dollar you invest today. What stated
A financial institution offers a "double-your-money" savings account in which you will have $2 in 6 years for every dollar you invest today. What stated annual interest rate (assuming semi-annual compounding) does this account offer?
Has to be done in excel, practice
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
