
Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690
Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134162690 Exercise 1
Suppose that you invest $1,000 in stock. Two years later, your investment yields $1,865. What is the rate of return of your investment?
Explanation
Interest rate : It is periodic percentag...
Contemporary Engineering Economics 6th Edition by Chan Park
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