The future dollars of an investment at the end of 8 years is $ 132,000. Its today’s dollars is $ 76,825. The banks pay 13% interest per year. What is the real interest rate of this investment?
The future dollars of an investment at the end of 8 years is $ 132,000. Its today’s dollars is $ 76,825. The banks pay 13% interest per year. What is the real interest rate of this investment?
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 57SE: Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what...
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The future dollars of an investment at the end of 8 years is $ 132,000. Its today’s dollars is $ 76,825. The banks pay 13% interest per year. What is the real interest rate of this investment?
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