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Expansion Program In two years, a company will begin an expansion program. It has decided to invest $2000000 now so that in two years the
Expansion Program
In two years, a company will begin an expansion program. It has decided to invest $2000000 now so that in two years the total value of the investment will be $2163200, the amount required for the expansion. What is the annual rate of interest, compounded annually, that the company must receive to achieve its purpose.
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