On Jan. 1, 1995 Saul’s investment account balance was $ 7688; Every month he deposited $ 100 starting from Feb. 1, 1995 to Dec. 1, 1997. On Jan. 1, 1998 the balance was 10830. What is the approximate annual yield for the three-year period?

On Jan. 1, 1995 Saul’s investment account balance was $ 7688; Every month he deposited $ 100 starting from Feb. 1, 1995 to Dec. 1, 1997. On Jan. 1, 1998 the balance was 10830. What is the approximate annual yield for the three-year period?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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