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  3. please answer question 217...

Question: please answer question 217...

Question details

Please answer question 2.17

jonnsor Re8O 216 Directjet is planning to purchase two Airbus A350-1000 aircraft at the price of 320 million each in eight years. Directjet currently has e320 million in an investment account. At approximately what compound interest rate can it accumulate 640 million in eight years to acquire the two A350-1000 aircraft? 2.17 In Problem 2.16, assume all relevant data, at approximately what simple interest rate can DirectJet accumulate 640 million in eight years to acquire the two A350-1000 aircraft?
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