Question
An A&E firm planning for a future expansion deposited $36,000 each year for 5 years into a sinking (investment) fund that was to pay an
An A&E firm planning for a future expansion deposited $36,000 each year for 5 years into a sinking (investment) fund that was to pay an unknown rate of return. If the account had a total of $454,000 immediately after the fifth deposit, what rate of return did the company make on these deposits?
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Health And Safety Environment And Quality Audits
Authors: Stephen Asbury
1st Edition
9780750680264, 978-0750680264
