Find the interest rate needed for an investment of $4000 to quadruple in 12 years if interest is compounded monthly

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S
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Find the interest rate needed for an investment of $4000 to quadruple in 12 years if interest is compounded monthly

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