Question: Determine the annual interest rate that is needed for the following investments to accumulate to $50,000. 1. $10,414 for 20 years, interest compounded semiannually. 2.

Determine the annual interest rate that is needed for the following investments to accumulate to $50,000.

1. $10,414 for 20 years, interest compounded semiannually.

2. $7,102 for 10 years, interest compounded quarterly.

3. $33,778 for 10 years, interest compounded annually.


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