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For compound interest accounts, the amount A accumulated or due depends on the principle P, interest rate r, number of compounding per year n,
For compound interest accounts, the amount A accumulated or due depends on the principle P, interest rate r, number of compounding per year n, and the time t in years according to the formula A = P P (1+) n nt 4 points Find r given A = $90,000, P = $60,000, and t = 15 years with interest compounded monthly. Round your final answer to 3 decimal places.
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