Find the interest rate (with annual compounding) that makes the statement true (rounded to the nearest dollar)

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Find the interest rate (with annual compounding) that makes the statement true (rounded to the nearest dollar) $8,500 grows to $12,161 in 7 years.

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College Algebra Graphs and Models

ISBN: 978-0321845405

5th edition

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

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Question Posted: Aug 05, 2013 03:14 AM

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Find the interest rate (with annual compounding) that makes the statement true (rounded to the nearest dollar)

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We have PV 8500 FV 12161 ...View the full answer

College Algebra Graphs and Models

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