Question
(Solving for r in compound interest) If you were offered $5,591.26 14 years from now in return for an investment of $700 currently, what annual
(Solving for r in compound interest) If you were offered $5,591.26 14 years from now in return for an investment of $700 currently, what annual rate of interest would you earn if you took the offer? If you took the offer, the annual interest rate you would earn is __________% (Round to the nearest whole percent.)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
