EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Financial accounting

If a security currently worth $12,800 will be worth
$16,124.31 three years in the future, what is the implied
interest rate the investor will earn on the security-
assuming that no additional deposits or withdrawals are
made?
A) 8.00%
B) 6.40%
C) 7.94%
D) 1.26%
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Transcribed Image Text:If a security currently worth $12,800 will be worth $16,124.31 three years in the future, what is the implied interest rate the investor will earn on the security- assuming that no additional deposits or withdrawals are made? A) 8.00% B) 6.40% C) 7.94% D) 1.26%
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