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Unformatted text preview: (1 + x) 10 = 1.75 On the FV table, after 10 years the interest factor closest to 1.75 is 1.791 which is in the 6% column. So the answer is approximately 6%, but slightly below....
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This note was uploaded on 04/01/2012 for the course FINC 354 taught by Professor Gibbons-cobb during the Spring '12 term at Columbia College.
- Spring '12