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(Related to Checkpoint 5.6) (Solving for) At what annual interest rate, compounded annually, would $520 have to be invested for it to grow to $2.001.52 in 13 years? CITT The annual interest rate, compounded annually, at which $520 must be invested for it to grow to $2.001.52 in 13 years is% (Round to two decimal places)

(Related to Checkpoint 5.6) (Solving for) At what annual interest rate, compounded annually, would $520 have to be invested for it to grow to $2.001.52 in 13 years? CITT The annual interest rate, compounded annually, at which $520 must be invested for it to grow to $2.001.52 in 13 years is% (Round to two decimal places)

Essentials Of Investments
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
Section: Chapter Questions
Problem 1PS
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Please help me its $520, $2001.52 and 13 years
(Related to Checkpoint 5.6) (Solving for) At what annual interest rate, compounded annually, would $520 have to be invested for it to grow to $2.001.52 in 13 years? CITE The annual interest rate, compounded annually, at which $520 must be invested for it to grow to $2.001.52 in 13 years is% (Round to two decimal places)
Transcribed Image Text:(Related to Checkpoint 5.6) (Solving for) At what annual interest rate, compounded annually, would $520 have to be invested for it to grow to $2.001.52 in 13 years? CITE The annual interest rate, compounded annually, at which $520 must be invested for it to grow to $2.001.52 in 13 years is% (Round to two decimal places)
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