If 14,000 dollars had been invested in the fictious fund on June 30, 1995, then on June 30, 2005 the investment would have been worth 55, 177. 52 dollars. What interest rate compounded annually would this investment have earned?
If 14,000 dollars had been invested in the fictious fund on June 30, 1995, then on June 30, 2005 the investment would have been worth 55, 177. 52 dollars. What interest rate compounded annually would this investment have earned?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 27P
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If 14,000 dollars had been invested in the fictious fund on June 30, 1995, then on June 30, 2005 the investment would have been worth 55, 177. 52 dollars. What interest rate compounded annually would this investment have earned?
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