What annual interest rate would cause $100 to grow. to $119.10 in 3 years?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...
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Financial Accounting

What annual
interest
rate
would cause $100 to grow.
to $119.10 in 3 years?
Transcribed Image Text:What annual interest rate would cause $100 to grow. to $119.10 in 3 years?
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