If 14000 had been invested in the fictious fund on June 30,1995 the investment would have been worth 55,177.52.what interest rate compounded annually would this investment have earned? Round to the nearest hundredth of a percent.

If 14000 had been invested in the fictious fund on June 30,1995 the investment would have been worth 55,177.52.what interest rate compounded annually would this investment have earned? Round to the nearest hundredth of a percent.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 28P

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