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If Crane Mooney invests $4,029,92 now and she will receive $16,000 at the end of 16 years, what annual rate of interest will Crane earn
If Crane Mooney invests $4,029,92 now and she will receive $16,000 at the end of 16 years, what annual rate of interest will Crane earn on her investment? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25\%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest %
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Management And Organisational Behaviour
Authors: Laurie Mullins
7th Edition
9780273688761
