Question
Two years ago, YXZ deposited $1,590 in an account that has earned and will earn 15.00 percent per year in compound interest. If ABC deposits
Two years ago, YXZ deposited $1,590 in an account that has earned and will earn 15.00 percent per year in compound interest. If ABC deposits $5,540 in an account in 2 years from today that earns simple interest, then how much simple interest per year must ABC earn to have the same amount of money in 12 years from today as YXZ will have in 12 years from today? Answer as an annual rate.
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Healthcare Financial Management Applied Concepts And Practical Analyses
Authors: Cassandra R. Henson
1st Edition
0826144748, 978-0826144744
