Question: Given the compound interest formula, A=P(1+r/n) ^m , do the following. (a) Solve the formula for r. (b) Find the annual rate r if $55.00

Given the compound interest formula, A=P(1+r/n) ^m , do the following.

(a) Solve the formula for r.

(b) Find the annual rate r if $55.00 grows to $82.38 in 6 years with interest compounded quarterly.

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