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A return of $80,000 (like interest) will be realized on an original investment of $100,000 over a 6-year period. Determine: (4) The rate of return
A return of $80,000 (like interest) will be realized on an original investment of $100,000 over a 6-year period. Determine: (4)
- The rate of return using simple interest.
- The rate of return using compound interest (compounded annually). (Ensure you use the correct Future Value (or maturity value) for this calculation.
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Sound Investing, Chapter 5 - Cost Allocation
Authors: Kate Mooney
8th Edition
007171927X, 9780071719278
