At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...
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At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years?

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