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at the end of 15 years a person would like a return of 16000

Paper help Economics at the end of 15 years a person would like a return of 16000

Economics

at the end of 15 years a person would like a return of 16000

at the end of 15 years a person would like a return of 16000 on a certificate that orginally cost 11… Show more at the end of 15 years a person would like a return of 16000 on a certificate that orginally cost 1100. a) at what interest rate would the person earn interest if the interest was compounded annually? b) if the double declining balance (200% DB) method is used, what is the depreciation amount for year 2? • Show less

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