Kyoko has $10,000 that she wants to invest. Her bank has several investment accounts to choose from,
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Kyoko has $10,000 that she wants to invest. Her bank has several investment accounts to choose from, all compounding daily. Her goal is to have $15,000 by the time she finishes graduate school in 6 years. To the nearest hundredth of a percent, what should her minimum annual interest rate be in order to reach her goal?
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Solution From the question we have A as 15000 P as 10000 n as 365 And T as 6 So we are finding ...View the full answer
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