Question
Ben invested $25,000 into a money market account and took out $5,000 at the end of year 5. He found out at the end of
Ben invested $25,000 into a money market account and took out $5,000 at the end of year 5. He found out at the end of 10 years that he had as of $50,000 in the account. What is the annual interest rate Ben had earned on this investment?
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An Inquiry Into The Nature And Causes Of The Wealth Of Nations
Authors: Adam Smith, R H Campbell
1st Edition
0865970068, 9780865970069
