Friday 13 February 2015

Ed Summers expects to invest $25,000 for 10 years, after which he wants to receive $49,180.00. What rate of interest must Summers earn? (Use table B.2.) (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)


Ed Summers expects to invest $25,000 for 10 years, after which he wants to receive $49,180.00. What rate of interest must Summers earn? (Use table B.2.) (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

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