lan to start your own business and are investing today to grow some seed money. You have $16917 to invest and aim to have $24960 in 6 years. What interest rate must you earn to meet your goal? Answer as a percent. Include 2 decimal

lan to start your own business and are investing today to grow some seed money. You have $16917 to invest and aim to have $24960 in 6 years. What interest rate must you earn to meet your goal? Answer as a percent. Include 2 decimal

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 10E

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You plan to start your own business and are investing today to grow some seed money. You have $16917 to invest and aim to have $24960 in 6 years. What interest rate must you earn to meet your goal?

Answer as a percent. Include 2 decimal places

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