Question
Suppose you are planning to deposit $4,000 in a bank account. You'd like your deposit to grow to $6,000 in 5 years. If interest in
Suppose you are planning to deposit $4,000 in a bank account. You'd like your deposit to grow to $6,000 in 5 years. If interest in the account compounds weekly, what annual interest rate do you need? Answer in percentage and round to one decimal place (e.g., 5.43% --> 5.4).
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
