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At what quoted annual interest rate must $159,000 be invested so that it will grow to be $454,000 in 8 years if interest is compounded
At what quoted annual interest rate must $159,000 be invested so that it will grow to be $454,000 in 8 years if interest is compounded quarterly? Question 5 options: 1) 19.06% 2) 14.01% 3) 3.33% 4) 10.84% 5) 13.33% Save Question 6 (10 points)
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