Question
In Account A, an investment of $1,000 grows to $1,700 in four years at an effective annual interest rate of x. In Account B, $3,000
In Account A, an investment of $1,000 grows to $1,700 in four years at an effective annual interest rate of x. In Account B, $3,000 is invested for five years, at an effective rate of discount d = x. What is the ending balance in Account B?
The Answer is: $6446.53
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Cases In Healthcare Finance
Authors: Louis Gapenski
5th Edition
1567936113, 978-1567936117
