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A one - time investment of $ 1 , 0 0 0 will grow to be $ 1 , 6 0 0 in 5 years.
A onetime investment of $ will grow to be $ in years.
What is the annually compounded interest rate earned? Note that inflows and outflows should have different signs.
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
