> Question 16 7.5 pts you save $2,000 per month for the next 6 years, you...

Question

Question

business accounting

Answer 1

Answer #1

rate positively ..

We have to use financial calculator to solve this
put in calculator

FV	200000
PV	0
PMT	-2000
N	72

Compute I	0.88%

Annual rate = 0.88%*12	10.59%

Ans =		10.59%

Answer 2

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