Thanks Stanley Roper has $2,200 that he is looking to invest. His brother approached him with an investment opportunity that couldgive Patrick...
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Q5 please show Formula steps and explain. Thanks


Stanley Roper has $2,200 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) Round to four decimal places.

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So, interest rate would the investment have to yield in order... View the full answer

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