Isabella puts $10,500 into an account to save money to buy a car in 12 years. She
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Isabella puts $10,500 into an account to save money to buy a car in 12 years. She expects the car of her dreams to cost $35,000 by then. Find the interest rate that is necessary if the interest is computed using the following methods.
(a) Compounded quarterly
(b) Compounded monthly
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