Question
Abby invested X at time 0, in an account with an annual effective interest rate of 7%. Rebecca invested Y at time 3, in an
Abby invested X at time 0, in an account with an annual effective interest rate of 7%.
Rebecca invested Y at time 3, in an account with simple interest. They both have the same force of interest in year 5.
What is Rebecca's annual interest rate?
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Capital Budgeting
Authors: Pamela P. Peterson
1st Edition
0471218332, 9780471218333
