On january 1 2015 your savings account will be worth 259000, Ask an Expert

Economics

On January 1 2015, your savings account will be worth $259,000. Every month thereafter, you make a cash contribution of $767 to the account. If the fund is expected to be worth $410,000 on January 1, 2020 what will the annual interest rate of interest being earned be on the fund? (Please answer only using calculations, with equations stated, as I am not allowed a financial calculator on the exam).

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91295325

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