Question
Randy invested $87,000 in securities that had an annual return of 13%. When Randy sold his investment, the securities had a value of $295,327. How
Randy invested $87,000 in securities that had an annual return of 13%. When Randy sold his investment, the securities had a value of $295,327. How long did Randy hold the securities?
8 years
13 years
10 years
None of the Above
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
