Question

$3.00 At what rate must $500 be compounded annually for it to grow to $1,079.46 in 10 years?

Found in Business: Finance
Chapter 1, # 0
Posted by :
PhoenixAllstar
 
 
Q:

Financial management
2-2)At what rate must $500 be compounded annually for it to grow to $1,079.46 in 10 years?
a.6 percent
b.7 percent
c.8 percent
d.5 percent

 

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$3.00
At what rate must $500 be compounded annually for it to grow to $1,079.46 in 10 years?
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  • Posted on Apr 16, 2012 at 12:40:23PM
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Finance-problem 2-2.xls (26K)