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Biff deposited $9,000 in a bank account, and 12 years later he closes out the account, which is worth $18,000. What annual rate of interest
Biff deposited $9,000 in a bank account, and 12 years later he closes out the account, which is worth $18,000. What annual rate of interest has he earned over the 12 years? I'm unsure how to input the problem in excel. I believe I have to 18000/9000 but if I need to find the rate, and n=12 I'm unsure what to input for FV and PV
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