Question
Solve using Excel Isabella made an initial investment of $5000 in a trading account with a stock brokerage house. After a period of 17 months,
Solve using Excel
Isabella made an initial investment of $5000 in a trading account with a stock brokerage house. After a period of 17 months, the value of the account had increased to $6400. Assuming that there were no additions or withdrawals from the account, what was the nominal annual interest rate earned on the initial investment?
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
