Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
Suppose you deposit $2606.00 into an account today. In 7.00 years the account is worth $3969. The account earned _% per year
Expert Solution
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Step 1: Given Value
Present Value = pv = $2606
Time = t = 7 Years
Future Value = fv = $3969
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