What interest rate is needed for $9,500 to earn $900 in 19 months? Round to the nearest

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What interest rate is needed for $9,500 to earn $900 in 19 months? Round to the nearest hundredth of a percent.

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 12, 2022 03:02 AM

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What interest rate is needed for $9,500 to earn $900 in 19 months? Round to the nearest

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Answer The interest rate is 598 Stepbystep explanation To find What interest ra...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

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