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Please answer both If Shidan has $5,000 to invest and wants to have $10,000 at the end of nine years, what compounded interest rate must
Please answer both
If Shidan has $5,000 to invest and wants to have $10,000 at the end of nine years, what compounded interest rate must she get on her money (assume annual compounding)? a. 7% O b.5% O c. 8% d. 6% The future value of $6,000 at 12% compounded quarterly for five years is O a $6,954. O b.$9,600 O c. $10,836. O d. $10,572Step by Step Solution
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