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China Gate Company has a $24,800 debt that it wishes to repay 3 years from today, the company has $18,633 that it intends to
China Gate Company has a $24,800 debt that it wishes to repay 3 years from today, the company has $18,633 that it intends to invest for the 3 years. What rate of interest will it need to earn annually in order to accumulate enough to pay the debt?
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
