Question
Today, you invest $4,000 in an investment that will pay $8,000 in 8 years. What is the implied rate of interest? Please do not round
Today, you invest $4,000 in an investment that will pay $8,000 in 8 years. What is the implied rate of interest?
Please do not round intermediary calculations. Round final answer to two decimal places.
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
