Question
you have just deposited $ 13500 into an account that promises to pay an annual interest rate of 7% each year for the next 6
you have just deposited $ 13500 into an account that promises to pay an annual interest rate of 7% each year for the next 6 uears. you wil leave the money invested in the account amd 10 years from today, you need to have $ 26400 in the account. what annual interest rate must you earn over last 4 years to accomplish this goal?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
