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A sum of $3000 is invested at a compound interest rate of 4.6% per year. (a) Find the value of the investment at the
A sum of $3000 is invested at a compound interest rate of 4.6% per year. (a) Find the value of the investment at the end of seven years. (b) The value of the investment will exceed $5000 after x full years. Calculate the minimum value of x.
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a Investment value after 7 years would be 411001 Expl...
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Statistics For Business Decision Making And Analysis
Authors: Robert Stine, Dean Foster
2nd Edition
978-0321836519, 321836510, 978-0321890269
