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ise Packet on solving for an unknown interest rate with discrete compounding of interest Determine the interest rate r needed for an investment of $2,000

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ise Packet on solving for an unknown interest rate with discrete compounding of interest Determine the interest rate r needed for an investment of $2,000 to grow to $14,000 in 3 years if interest is compounded quarterly (i.e., 4 times a year). Exact interest rate (without using a calculator), r = Interest rate, as a percent, rounded to 2 decimal places = 70.42 % Viewing Saved Work Revert to Last Response

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