Calculating the interest rate, Finance Basics

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Calculating the interest rate

Problem:

A woman made ten annual end-of-the-year purchases of $1000 of common stock. At the end of the tenth year, she sold all the stock for $12000.

Requirement:

Question: What interest rate did she obtain on her investment?

Note: Please explain comprehensively and give step by step solution.

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Finance Basics: Calculating the interest rate

Reference No:- TGS0893985

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Ask an Expert for Answer!!

Finance Basics: Calculating the interest rate

Reference No:- TGS0893985

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Calculating the smallest expected gain

Q : Determinin the smallest expected loss

Q : Write a program that reads data into an array of type int

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Finance Basics: Calculating the interest rate

Reference No:- TGS0893985

Recent Questions Asked Finance Basics

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