If 14,000 dollars had been invested in the fictious fund on June 30, 1995, then on June 30, 2005 the investment would have been worth 55, 177. 52 dollars. What interest rate compounded annually would this investment have earned?

If 14,000 dollars had been invested in the fictious fund on June 30, 1995, then on June 30, 2005 the investment would have been worth 55, 177. 52 dollars. What interest rate compounded annually would this investment have earned?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 9RE

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