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You deposit $6,000 in a long-term investment fund in which the interest is compounded quarterly. After 7 years, the balance is $6,899.24. What is the
You deposit $6,000 in a long-term investment fund in which the interest is compounded quarterly. After 7 years, the balance is $6,899.24. What is the annual interest rate (as a percent )? (Round your answer to the nearest percent. )
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
