Question
Assume you deposit $600 in an account, and that in 6 years you have $900. Assuming daily compounding frequency what is the quoted annual interest
Assume you deposit $600 in an account, and that in 6 years you have $900. Assuming daily compounding frequency what is the quoted annual interest rate associated with the account?
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
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