What rate, stated as an APR with annual compounding, will grow a single deposit today of $10,000 to a value of $13,465 in 3 years? A) 10.40% B) 10.43% C) 10.47% D)10.51%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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What rate, stated as an APR with annual compounding, will grow a single deposit today of $10,000 to a value of $13,465 in 3 years?

A) 10.40%
B) 10.43%
C) 10.47%
D)10.51%
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