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Part 1 Part 2 Find the interest rate for a $3000 deposit accumulating to $3762.91, compounded quarterly for 7 years. The interest rate is%. (Round
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Find the interest rate for a $3000 deposit accumulating to $3762.91, compounded quarterly for 7 years. The interest rate is%. (Round to two decimal places as needed.) Find the future value of the ordinary annuity. Interest is compounded annually. R = $8000; i=0.07; n=10 The future value of the ordinary annuity is $ (Round to the nearest cent as needed.)Step by Step Solution
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