5-4. (Compound value solving for r) At what annual rate would the following have to be invested? Mylab a. $820 to grow to $1,988.12 in 13 years b. $320 to grow to $423.10 in 6 years c. $57 to grow to $290.30 in 18 years d. $230 to grow to $576.60 in 5 years

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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5-4. (Compound value solving for r) At what annual rate would the following have to
be invested?
MyLab
a. $820 to grow to $1,988.12 in 13 years
b. $320 to grow to $423.10 in 6 years
C. $57 to grow to $290.30 in 18 years
d. $230 to grow to $576.60 in 5 years
Transcribed Image Text:5-4. (Compound value solving for r) At what annual rate would the following have to be invested? MyLab a. $820 to grow to $1,988.12 in 13 years b. $320 to grow to $423.10 in 6 years C. $57 to grow to $290.30 in 18 years d. $230 to grow to $576.60 in 5 years
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