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At what per annum rate must $260 be compounded daily for it to grow to $561 in 12 years? (Round to 100th of a
At what per annum rate must $260 be compounded daily for it to grow to $561 in 12 years? (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%) (Assume 365 days in the year) Answer:
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To calculate the compound growth rate we can use the formula A P x 1 rnnt Where A the ...
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
