Problemfifteen years ago john set aside 100000 in case of a, Ask an Expert

Accounting

Problem:

Fifteen years ago, John set aside $100,000 in case of a financial emergency. Today, that account has increased in value to $257,184.

Required:

Question: What rate of interest is the he earning on this money

Note: Provide support for your underlying principle.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169027

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