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An investment of $20,000 grows into $35,000 over a period of 7 years. What is the APR? Remember, when the compounding period is not given,
An investment of $20,000 grows into $35,000 over a period of 7 years. What is the APR? Remember, when the compounding period is not given, we assume annual compounding.
What is the future value ten years from now of $2,500 invested at 5% APR compounded monthly?
A $20,000 investment compounds monthly for 120 months and grows into $27,000. What is the APR earned by this investment?
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