Solved: You plan to invest 250000 today october 3 in a one month, Basic Computer Science

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You plan to invest 250000 today october 3 in a one month

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You plan to invest $250,000 today (October 3) in a one month money market instrument. Had you done this last month (September 3), you would have received a 5% rate of interest. What must be the interest rate today in order for you to receive the same proceeds as you would have last month?

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Basic Computer Science: You plan to invest 250000 today october 3 in a one month

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