If P dollars is invested at an annual rate r compounded annually, at the end of 2
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If P dollars is invested at an annual rate r compounded annually, at the end of 2 years it will have grown to an amount A according to the formula A = P(1 + r2). At what rate will $1,000 grow to $1,500 in 2 years?
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A P1r 1500 10001r 15 ...View the full answer
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Cyrus Sandoval
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