Question
Your Uncle recently gave you $10,000 gift to celebrate your college graduation. You immediately invested that$10,000into the Brighter AtlantaBond that matures in five years with
Your Uncle recently gave you $10,000 gift to celebrate your college graduation. You immediately invested that$10,000into the Brighter AtlantaBond that matures in five years with a value of $18,000 at maturity. If the bond interest is compounded monthly, what is the monthly interest rate for this investment?
Please post on an excel template with formulas using excel.
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Financial Management In Construction Contracting
Authors: Andrew Ross, Peter Williams
1st Edition
1405125063, 9781405125062
