Saturday, 27 October 2012

If the future value of $1,800 invested today is $2,600 in four years, what is the underlying interest rate? Answer a. 13.0% b. 14.3% c. 9.6% d. 15.6%

If the future value of $1,800 invested today is $2,600 in four years, what is the underlying interest rate?
Answer
a. 13.0%
b. 14.3%
c. 9.6%
d. 15.6%




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