Stanley Roper has $2,400 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
Questions & Answers
Have a Question?
Be the first to ask a question about this.