For 1 year, regular daily payments of $2 are deposited into an account that compounds interest...
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For 1 year, regular daily payments of $2 are deposited into an account that compounds interest daily. If the final value of the account is $750, what was the interest rate? For 1 year, regular daily payments of $2 are deposited into an account that compounds interest daily. If the final value of the account is $750, what was the interest rate?
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To find the interest rate for this situation you can use the formula for compound interest A P1 rnnt ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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