Asked by G
15.Pedro Martinez wants to invest $25,000 in a spa that his sister is starting. He will triple his investment in six years. What is the rate of return that Pedro is being promised
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Answered by
Reiny
solve for i
1(1+i)^6 = 3
i got i = .4422
so 44.22% ??? wow!
1(1+i)^6 = 3
i got i = .4422
so 44.22% ??? wow!
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