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To save for a future expenditure, $10,000 is deposited into an account that pays annual interest compounded semi-annually. What annual rate is required to meet
To save for a future expenditure, $10,000 is deposited into an account that pays annual interest compounded semi-annually. What annual rate is required to meet an investment goal of $14,000 in 12 years? Round the answer to the nearest hundredth of a percent.
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Calculus With Applications
Authors: Margaret L. Lial
12th Edition
978-0135871348, 0135871344
