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8. Richard has 1500 dollars. He wants to have 2500 dollars in 10 years. His bank will pay him simple interest i for 5 years,

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8. Richard has 1500 dollars. He wants to have 2500 dollars in 10 years. His bank will pay him simple interest i for 5 years, after which it will pay him compound interest i for 5 more years. Solve for i. You may use software to solve the final equation (e.g. Wolfram Alpha). (0.0550203]

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