Question
What rate of interest (as a percent), compounded monthly, is needed for $1000 to grow to $8500 value in twenty years? Round final answer to
What rate of interest (as a percent), compounded monthly, is needed for $1000 to grow to $8500 value in twenty years? Round final answer to the nearest whole percent. Write a concluding statement.
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Precalculus
Authors: Michael Sullivan
9th edition
321716835, 321716833, 978-0321716835
