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Meesh1234 Meesh1234
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6 years ago
A single amount is invested and increases over time as interest is compounded. If the number of periods is known, the interest rate can be approximately determined by ________.
A) dividing the present value by the future value and looking for the quotient in the future value of $1 table
B) multiplying the present value by the future value and looking for the product in the present value of $1 table
C) dividing the future value by the present value and looking for the quotient in the future value of $1 table
D) dividing the future value by the present value and looking for the quotient in the present value of $1 table
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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lphilson89lphilson89
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6 years ago
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Meesh1234 Author
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6 years ago
Thank you, thank you, thank you!
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