The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations.
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If Shidan has $5,000 to invest and wants to have $10,000 at the end of nine years,what compounded interest rate must she get on her money (assume annual compounding)?
A)5%
B)6%
C)7%
D)8%

Question

The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations.  
-
If Shidan has $5,000 to invest and wants to have $10,000 at the end of nine years,what compounded interest rate must she get on her money (assume annual compounding)?
A)5%
B)6%
C)7%
D)8%

Quizplus · Accepted Answer

The Answer of The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations.  
-
If Shidan has $5,000 to invest and wants to have $10,000 at the end of nine years,what compounded interest rate must she get on her money (assume annual compounding)?
A)5%
B)6%
C)7%
D)8%

The Solution to This Problem Requires Time Value of Money