Question
It is now January 1, 2019, and you will need $1,000 on January 1, 2023, in 4 years. If you have only $750 on January
It is now January 1, 2019, and you will need $1,000 on January 1, 2023, in 4 years.
If you have only $750 on January 1, 2020, what interest rate, compounded annually for 3 years, must you earn to have $1,000 on January 1, 2023?
Note: answer is a percentage, enter only the number with two decimal places
*I keep getting 10%, that doesn't seem to be correct
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
