Question
Charlie has been given P5000 for his sixteenth birthday. Rather than spending it, he has decided to invest it so that he can put down
Charlie has been given P5000 for his sixteenth birthday. Rather than spending it, he has decided to invest it so that he can put down a deposit of P10000 on a car on his eighteenth birthday. What compound interest rate does he need to achieve this growth?
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Amount 10000 Principal 5000 Time 2 Using the formula A P 1 r t W...
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
