Question
Find the interest rate for the given deposit and compound amount. $4300 accumulating to $5994.78, compounded monthly for 5 years. The interest rate is
Find the interest rate for the given deposit and compound amount. $4300 accumulating to $5994.78, compounded monthly for 5 years. The interest rate is %. (Do not round until the final answer. Then round to the nearest hundredth as needed.)
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
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