Stanley roper has 2300 that he is looking to invest his


Stanley Roper has $2,300 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?

(Answer needs to be stated as a decimal. For example: .1192)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Stanley roper has 2300 that he is looking to invest his
Reference No:- TGS02786797

Expected delivery within 24 Hours