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Determine the interest rater needed for an investment of $4,000 to grow to $8,000 in 7 years if interest is compounded q
Posted: Wed Jul 06, 2022 11:54 am
by answerhappygod
- Determine The Interest Rater Needed For An Investment Of 4 000 To Grow To 8 000 In 7 Years If Interest Is Compounded Q 1 (22.04 KiB) Viewed 11 times
Determine the interest rater needed for an investment of $4,000 to grow to $8,000 in 7 years if interest is compounded quarterly (Le, 4 times a year). Exact interest rate (without using a calculator), r= Interest rate, as a percent, rounded to 2 decimal places - -4. [-/1 Points] DETAILS Math 110 Course Resources Compound Interest Course Packet on accumulated amount examples-solving for an unknown interest rate with continuous compounding of interest Determine the interest rater needed for an investment of $4,000 to grow to $9,000 in 5 years if interest is compounded continuously. Exact interest rate (without using a calculator), r = Interest rate, as a percent, rounded to 2 decimal places-