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Compound value solving for r FINA 3103-Z01 Principles of Finance (Spring 2018) Homework: HW 5 (Time value of money) Score: 0 of 5 pts 6019(2

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Compound value solving for r

FINA 3103-Z01 Principles of Finance (Spring 2018) Homework: HW 5 (Time value of money) Score: 0 of 5 pts 6019(2 complete) Problem 5-3 Compound value solving for rn) At what annual rate would the following have to be invested? a. $490 to grow to $1.142 50 in 11 years b. $320 to grow to $592 30 in 8 years c. $48 to grow to $625 01 in 21 yeans d. $204 to grow to $289 38 in 6 years a. At what annual rate would $490 have to be invested to grow to $1.142 50 in 11 years? (Round to the nearest whole percent)

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