Question
Cindy Houston has a debt of $27,600 that she wants to pay off 4 years from today. She has $19,553 that she intends to invest
Cindy Houston has a debt of $27,600 that she wants to pay off 4 years from today. She has $19,553 that she intends to invest over the 4 years.
What interest rate will she need to earn annually to pay off the debt?
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
