Question
Anders discovered an old pay statement from 10 years ago. His monthly salary at the time was $2610 versus his current salary of $4650 per
Anders discovered an old pay statement from 10 years ago. His monthly salary at the time was $2610 versus his current salary of $4650 per month. At what (equivalent) compound annual rate has his salary grown during the period?
His salary grew at a rate of % compounded annually.
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
