Problemstanley has 2400 that he is looking to invest his, Ask an Expert

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Problem:

Stanley has $2,400 that he is looking to invest. His brother approached him with an investment opportunity that could give Patrick $4,800 in 4 years.

Required:

Question: What interest rate would the investment have to yield in order for Stanley's brother to deliver on his promise?

Note: Be sure to show how you arrived at your answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163052

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