Question: What interest rate, compounded monthly is needed for a principal of 100,000 pesos to increase to 450,000 pesos in 8 years? For every final answer,

What interest rate, compounded monthly is needed for a principal of 100,000 pesos to increase to 450,000 pesos in 8 years?

For every final answer, the number of decimal places should be 2. ALL UNITS MUST BE UNIFIED. No shortcuts please thank you

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