Sally has $4800 to invest and needs it to be worth $6100 in 4 years. At what

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Sally has $4800 to invest and needs it to be worth $6100 in 4 years. At what annual interest rate, compounded monthly, does she need to invest her money?

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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Posted Date: Jan 25, 2024 12:54 PM

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Sally has $4800 to invest and needs it to be worth $6100 in 4 years. At what

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Answer The formula for compound interest is given by AP1rnnt We need to find the annual ... View the full answer

Personal Finance

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