Find the interest rate needed for an investment of $4000 to grow to an amount of $8500 in 4 years if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.)
Find the interest rate needed for an investment of $4000 to grow to an amount of $8500 in 4 years if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.)
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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