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Suppose that a deposit of $5000 grows to $7270 in 3 years. a. Find the annual interest rate, compounded semiannually, which produces such growth. b.
Suppose that a deposit of $5000 grows to $7270 in 3 years.
a. Find the annual interest rate, compounded semiannually, which produces such growth.
b. Find the annual interest rate, compounded continuously, which produces such growth.
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