Question
John makes an investment of 9700 into an account that pays interest compounded annually. In addition, he makes a yearly deposit of $120. At the
John makes an investment of 9700 into an account that pays interest compounded annually. In addition, he makes a yearly deposit of $120. At the end of 6 years, his balance is 14700. Determine the interest he earned on the savings account. John annual percentage rate on his investment was________
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
