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(Related to Checkpoint 5.6) (Solving for i) At what annual interest rate, compounded annually, would $520 have to be invested for it to grow
(Related to Checkpoint 5.6) (Solving for i) At what annual interest rate, compounded annually, would $520 have to be invested for it to grow to $1,992.58 in 11 years? The annual interest rate, compounded annually, at which $520 must be invested for it to grow to $1,992.58 in 11 years is %. (Round to two decimal places.)
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
