If you deposit A which yields returns of B at the end of each of the first n years then establish the mathe- matical equation to calculate the rate of return, r, from this investment. A = R10000, B=R2000, n=7

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 442RE: Jerome invests $18,000 at age 17. He hopes the investments will be worth $30,000 when he turns 26....
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If you deposit A which yields returns of B at the end of each of the first n years then establish the mathe-
matical equation to calculate the rate of return, r, from this investment.
A = R10000, B=R2000, n=7

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