Question
You deposit $50,000 into a saving account. What nominal rate of interest do you need to earn for that money to grow to $100,000 over
You deposit $50,000 into a saving account. What nominal rate of interest do you need to earn for that money to grow to $100,000 over 10 years, if that interest rate is compounded annually?Answer as%, to three decimal places, i.e. x.xxx%.
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
