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Problem 3 6 Marks Anya has $25,000 which she recently received from a trust fund, which she intends to invest in an account earning
Problem 3 6 Marks Anya has $25,000 which she recently received from a trust fund, which she intends to invest in an account earning 12% annually. a) How many years would it take Anya to accumulate $40,000. 3 Marks b) If Anya's goal is to save $40,000 in just 3 years, what rate of return must she earn annually on her account. 3 Marks
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
22nd Edition
130566616X, 978-1305666160
