Solved

Find the Rate of Interest Required to Achieve the Conditions

Question 37

Multiple Choice

Find the rate of interest required to achieve the conditions set forth:
-A = $ 32,000
P = $8,000
T = 20 years
Compounded quarterly

A) 3.4959%
B) 3.5489%
C) 5.5310%
D) 6.9919%

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