Question
A present amount of $2,200is equivalent to $3,460after8years when the annual compounded interest rate is equal to: (A)7.16% (B)5.82% (C)8.00% (D)6.07% (E) NONE
A present amount of $2,200 is equivalent to $3,460 after 8 years when the annual compounded interest rate is equal to:
(A) 7.16%
(B) 5.82%
(C) 8.00%
(D) 6.07%
(E) NONE
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
