6) Find the Rate of Return using (a) Simple Interest and (b) Compound Interest (Annually), on a marketing project that generated a profit (like interest) of $600,000 over 4 years on an original investment (PV) of $1,000,000. (So FV would be $1,600,000).
6) Find the Rate of Return using (a) Simple Interest and (b) Compound Interest (Annually), on a marketing project that generated a profit (like interest) of $600,000 over 4 years on an original investment (PV) of $1,000,000. (So FV would be $1,600,000).
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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6) Find the Rate of Return using (a) Simple Interest and (b) Compound Interest (Annually), on a marketing project that generated a profit (like interest) of $600,000 over 4 years on an original investment (PV) of $1,000,000. (So FV would be $1,600,000).
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