Question
Scott invested $30728 into a technology development fund. Five years later, the fund matured and Scott received $53250. What quarterly compounded rate of interest did
Scott invested $30728 into a technology development fund. Five years later, the fund matured and Scott received $53250. What quarterly compounded rate of interest did Scott earn during the investment period of the fund?
(to 3 decimal places)
(do not include the % sign in the answer)
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
