Question
Suppose that you wish to receive $15,000 at the end of 5 years, by making a deposit of $2000 today and four additional annual deposits
Suppose that you wish to receive $15,000 at the end of 5 years, by making a deposit of $2000 today and four additional annual deposits increasing by $500. What interest rate must you earn to achieve your goal?
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
5th Edition
0367335417, 978-0367335410
