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Find the interest rate required for an investment of $4000 to grow to $4500 in 7 years if interest is compounded as follows. a. Annually
Find the interest rate required for an investment of $4000 to grow to $4500 in 7 years if interest is compounded as follows. a. Annually b. Quarterly a. Write an equation which relates the investment of $4000, the desired value of $4500, 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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