Stanley has 2400 that he is looking to invest his brother, Financial Management

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Stanley has 2400 that he is looking to invest his brother

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

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Financial Management: Stanley has 2400 that he is looking to invest his brother

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Financial Management: Stanley has 2400 that he is looking to invest his brother

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