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Author Question: In a recessionary economy, the interest rate on deposits can be 0 percent. However, Raymond has an ... (Read 33 times)

bobypop

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on: Nov 11, 2019
In a recessionary economy, the interest rate on deposits can be 0 percent. However, Raymond has an investment of $25 000 now, and in three years it will mature and pay Raymond $32 000. What is the approximate annual interest rate he will receive?
◦ 8.9 percent
◦ 8.6 percent
◦ 9.3 percent
◦ Insufficient information to calculate this question
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by bobypop on Nov 11, 2019

cuttiesgirl16

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobypop

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Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
:D TYSM

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