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Suppose you invest $50,000 and wanted to turn it into $1,000,000 in 25 years. If the $50,000 were invested at an interest rate that was
Suppose you invest $50,000 and wanted to turn it into $1,000,000 in 25 years. If the $50,000 were invested at an interest rate that was compounded daily, what APR would you need to accomplish your goal?
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AP 1 r n nt 1000000 500001 001 r 365 365x...
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
