Question
Suppose you are planning to deposit $10,000 in a bank account. You'd like your deposit to grow to $13,000 after 5 years. If interest in
Suppose you are planning to deposit $10,000 in a bank account. You'd like your deposit to grow to $13,000 after 5 years. If interest in the account compounds weekly, what annual interest (i) rate do you need? Answer in percent and round to one decimal place.
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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