Question
Frank invests $ 4500 dollars into an account earning interest compounded quarterly. After 7 years there is $ 6350 in the account. What was the
Frank invests $ 4500 dollars into an account earning interest compounded quarterly. After 7 years there is $ 6350 in the account. What was the interest rate?
Interest rate =
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
