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Find the interest rate required for an investment of $3000 to grow to $3500 in 7 years if interest is compounded as follows. a. Annually

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Find the interest rate required for an investment of $3000 to grow to $3500 in 7 years if interest is compounded as follows. a. Annually b. Quarterly a. Write an equation which relates the investment of $3000, the desired value of $3500, and the time period of 7 years in terms of r, the yearly interest rate (written as a decimal), and m, the number of compounding periods per year

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