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Suppose you deposit $4,000 in an account which pays interest compounded quarterly. What interest rate would need to earn for your balance to reach $5,680
Suppose you deposit $4,000 in an account which pays interest compounded quarterly. What interest rate would need to earn for your balance to reach $5,680 in three years?
a. Excel command ____________
b. answer ____________
Please use whichever of these excel commands apply to the situation PV, FV, PMT, NPER, RATE
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