Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Solve the problem. Round your answer to three decimals.
What annual rate of interest is required to triple an investment in 4 years?
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- Kevin wants to save money to purchase a car. He starts saving $1,415 quarterly in an account that earns 2.1% compounded quarterly. How much will he have saved in 3 years? Round your answer to two decimal places.arrow_forwardYou invest $4000 in an account with an APR of 3% and daily compounding. How much will you have after 5 years? Round to the nearest hundredth.arrow_forwardYou decide to invest $5000 for 5 years at an annual rate of 8% compounded quarterly. How much is the investment worth? (round to two decimal places) Submit Answer Answer: 9M hparrow_forward
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