Question
You deposit $118 in an account that pays interest with annual compounding. If the account contains $145 exactly 4 years from today, what is the
You deposit $118 in an account that pays interest with annual compounding. If the account contains $145 exactly 4 years from today, what is the annual interest rate?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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