Question
Suppose that you wish to save $30,000 at the end of five years by making the following deposits: Year Deposits 0 $8000 1 7000 2
Suppose that you wish to save $30,000 at the end of five years by making the following deposits: Year Deposits 0 $8000 1 7000 2 6000 3 5000 4 2000 What interest rate must you earned to reach 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
