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13 Suppose S$100 were invested on August 9, 1965 at r interest compounded yearly. Now, suppose r-2.7% for the period between August 9, 1965 and
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Suppose S$100 were invested on August 9, 1965 at r interest compounded yearly. Now, suppose r-2.7% for the period between August 9, 1965 and August 9, 2000. Determine the rate r during the period between August 9, 2000 and August 9, 2017 in order that such an investment would be worth S$872.23 on National Day, 2017. (Keep your answer to 4 decimal places, e.g. 0.1234.)Step by Step Solution
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