Question
James wants to invest $8000 in a savings account. Determine the simple interest rate required for James investment to grow to $17,300 in 14 years.
James wants to invest $8000 in a savings account. Determine the simple interest rate required for James investment to grow to $17,300 in 14 years. Round your answer to the nearest 10th of a percent.
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
