Suppose you deposit $2,467.00 into an account today. In 15.00 years the account is worth $3,751.00....
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Suppose you deposit $2,467.00 into an account today. In 15.00 years the account is worth $3,751.00. The account earned % per year. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Suppose you deposit $2,467.00 into an account today. In 15.00 years the account is worth $3,751.00. The account earned % per year. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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To find the annual interest rate we can use the formula for compound interes... View the full answer
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
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