At what annual interest​ rate, compounded​ annually, would ​$500 have to be invested for it to grow to ​$1,942.45 in 11 ​years?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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At what annual interest​ rate, compounded​ annually, would ​$500 have to be invested for it to grow to
​$1,942.45 in 11 ​years?
 
 
At what annual interest​ rate, compounded​ annually, would ​$500have to be invested for it to grow to
​$1,942.45 in 11 ​years?
 
 
 
 
 
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