computer projections tell you that an investment that compounds monthly will yield a future value of FV = PV (1.07763) ^ t, where t is in years.
What is the rate, r, for this account? since we have two expressions for FV here, try starting with the following :
which after dividing by PV and using the laws of exponents, can be rewritten
Now use the fact that 
implies that a = b, to find r.
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Can someone please tell me what chapters (1-5) these questions
are based on? I have already answered the questions and understand
how to solve the material, but i want to be able to pinpoint where
i can find this info. in the book. I am using Brigham’s
Fundamentals of Financial Management (pictures attached). If it is
hard to read, please let me know. i will post better pictures. i
know the time vale of money stuff already
EDIT: HERE IS...
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