What annual interest rate must be obtained to accumulate $10,000 in 8 years on an investment of $6,000 with quarterly compounding?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter12: Capital Investment Analysis
Section: Chapter Questions
Problem 4BE: Internal rate of return A project is estimated to cost 463,565 and provide annual net cash flows of...
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What annual interest rate must be obtained to accumulate $10,000 in 8 years on an investment of $6,000 with quarterly compounding?

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