Question
You need $12,000 at the beginning of year 10. Four years ago, you saved $3,000 for nine years in the Eastern bank that pays 8%
You need $12,000 at the beginning of year 10. Four years ago, you saved $3,000 for nine years in the Eastern bank that pays 8% compounded annually. Starting from year 5, the interest rate you must earn is closest to:
| 18% | ||
| 12% | ||
| 14.4% |
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Pricing Analytics Models And Advanced Quantitative Techniques For Product Pricing
Authors: Walter R. Paczkowski
1st Edition
1138623938, 9781138623934
