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Fred has $17,000 in a special savings account. He wants it to grow to $60,000, 11 years from now. What rate would Fred need
Fred has $17,000 in a special savings account. He wants it to grow to $60,000, 11 years from now. What rate would Fred need for his investment to grow to $60,000 by the end of the 11 years?
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60000 in 11 years we can use the compound interest formul...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
