Question: 1. Deniz invests $ 9 , 8 0 0 in a deposit account; After 3 years, its value is $ 1 3 , 2 5
1. Deniz invests $ in a deposit account; After years, its value is $ What is the rate of return on investment?
2. Derya deposits $ into a bank account compounded quarterly. The yearly interest rate is What is the value worth of the investment after years?
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1 To calculate the rate of return on investment we can use the formula for compound interest Future ... View full answer
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