Question
Find the interest rate for the given deposit and compound amount. $4400 accumulating to $5994.79, compounded monthly for 4 years. The interest rate is
Find the interest rate for the given deposit and compound amount. $4400 accumulating to $5994.79, compounded monthly for 4 years. The interest rate is %. (Do not round until the final answer. Then round to the nearest hundredth as needed.)
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
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