Question
(9) Suppose you deposit $100 in a bank account that compounds every 3 months. What interest rate would be required for the account to contain
(9) Suppose you deposit $100 in a bank account that compounds every 3 months. What interest rate would be required for the account to contain $125 after 10 years? (You don't need to simplify your answer.)
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Intro Stats
Authors: Richard D De Veaux, Paul D Velleman, David E Bock
4th Edition
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