Question
Show formulas and calculations A student invests $2500 of their wages from their part-time job. They want it to grow to $6000 for a down
Show formulas and calculations
A student invests $2500 of their wages from their part-time job.
They want it to grow to $6000 for a down payment on a car theyre hoping to buy 9 years from now.
What annual interest rate, compounded annually would be needed to make this happen?
please show step on paper thank you
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Mastering Islamic Finance
Authors: Faizal Karbani
1st Edition
1292001445, 978-1292001449
