Bunco Game Financial Planners, Inc. promises to triple your money in 8 years. Whatrate of return (yield) are they promising?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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Bunco Game Financial Planners, Inc. promises to triple your money in 8 years. What
rate of return (yield) are they promising?

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