Question
You would like to invest your current savings of $2200 so that it would grow to $3000 in 3 years. a) What simple interest rate
You would like to invest your current savings of $2200 so that it would grow to $3000 in 3 years.
a) What simple interest rate would you need?
b) At 5% simple interest, how long would it take for $2200 to grow to $3000?
c) What principal invested today at 4% simple interest would grow to $3000 in 3 years?
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
