What interest rate must it earn

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Problem - Assume that you are nearing graduation and have applied for a job with a local bank. The bank's evaluation process requires you to take an examination that covers several financial analysis techniques. The first section of the test addresses discounted cash flow analysis. See how you would do by answering the following questions. If you want an investment to double in 3 years, what interest rate must it earn?

Reference no: EM132726682

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