Question
Floyd Ferris invested $3,000 into an account five years ago. Today his account has grown to have a balance of $3,927.50. Given that his account
Floyd Ferris invested $3,000 into an account five years ago. Today his account has grown to have a balance of $3,927.50. Given that his account offered monthly compounding of interest, the APR on this account is was closest to:
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Quantitative Financial Analytics The Path To Investment Profits
Authors: Edward E Williams, John A Dobelman
1st Edition
9813224258, 978-9813224254
