Question
Irin hopes to buy a house in 20 years' time and the cost is expected to be $614,925 then. She intends to deposit $15,000 at
Irin hopes to buy a house in 20 years' time and the cost is expected to be $614,925 then. She intends to deposit $15,000 at the end of every year into a local bank. The local bank promises that she will have $614,925 at the end of 20 years. What is the interest rate per annum that the bank is offering to Irin?
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Succeeding in Business with Microsoft Excel 2013 A Problem Solving Approach
Authors: Debra Gross, Frank Akaiwa, Karleen Nordquist
1st edition
978-1285099149, 9781285963969, 1285099141, 1285963962, 978-1285715346
