Question
Pearl Houston has a $24,800 debt that she wishes to repay 3 years from today; she has $18,633 that she intends to invest for the
Pearl Houston has a $24,800 debt that she wishes to repay 3 years from today; she has $18,633 that she intends to invest for the 3 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt? (Round answer to 0 decimal places, e.g. 7%.) Rate of interest %
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Management Accounting For Business
Authors: Colin Drury, Mike Tayles
8th Edition
1473778808, 978-1473778801
