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After two consecutive years of 7% rates of return, what rate of return in the third year will produce a cumulative gain of 18%? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%. Rate of return= 0.00 % 0.0 Enter x Cancel

After two consecutive years of 7% rates of return, what rate of return in the third year will produce a cumulative gain of 18%? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%. Rate of return= 0.00 % 0.0 Enter x Cancel

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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After two consecutive years of 7% rates of return, what rate of return in the third year will produce a cumulative gain of 18%? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%. Rate of return = 0.00 % 0.0 Enter x Cancel
Transcribed Image Text:After two consecutive years of 7% rates of return, what rate of return in the third year will produce a cumulative gain of 18%? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%. Rate of return = 0.00 % 0.0 Enter x Cancel
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