Question
A- Finding the monthly compounded rate of return on an investment that turns $6176 into $11964 over 6.5 years, what is the value used for
A- Finding the monthly compounded rate of return on an investment that turns $6176 into $11964 over 6.5 years, what is the value used for m?
B- What monthly compounded rate of return is required to turn $6176 into $11964 over 6.5 years?
(to 3 decimal places)
(do not include the % sign in the answer)
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Financial Accounting A Global Approach
Authors: Sidney J. Gray, Belverd E. Needles
1st Edition
9780395839867
