(b) Suppose you wish to invest $2,000 today so that you have $4,000 six years from...
(b) Suppose you wish to invest $2,000 today so that you have $4,000
six years from
now. What must the annual interest rate be in order to achieve your
goal if interest is
compounded quarterly? (3 marks)
Homework Answers
Ans 11.72%
The annual interest rate be in order to achieve your goal if interest is compounded quarterly is 11.72%
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