Question
You invest $138 today. After 11 years will you have $229. What simple interest rate did you earn on your investment? Answer as a decimal.
You invest $138 today. After 11 years will you have $229. What simple interest rate did you earn on your investment? Answer as a decimal. Round to the nearest ten thousandth.
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Solution Given Principal Amount P 138 Noof years N 11 years Future Valu...
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
