What annual interest rate would cause $100 to grow to $125.97 in 3 years?

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Oct 05, 2011 09:51 AM

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What annual interest rate would cause $100 to grow to $125.97 in 3 years?

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Using a financial calculator enter N 3 PV 100 PMT 0 FV 12597 then press the IYR button to find IYR ...View the full answer

Fundamentals of Financial Management

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