Solved: What must be compounded annual interest rate, Financial Accounting

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What must be compounded annual interest rate

Response to the following questions:

1. How much would you need to deposit today so that you can withdraw $4,000 per year for ten years, starting three years from today?

2. Suppose you wish to invest $2,000 today so that you have $4,000 six years from now. What must the compounded annual interest rate be in order to achieve your goal?

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Financial Accounting: What must be compounded annual interest rate

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Financial Accounting: What must be compounded annual interest rate

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