Question
You have the opportunity to buy a term deposit for $5,000, which will pay no interest during its 10 year life and will have a
You have the opportunity to buy a term deposit for $5,000, which will pay no interest during its 10 year life and will have a value of $8,200 at maturity. What rate of return does the term deposit pay?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
