Using the formula in Problem 45, determine the interest rate that will make $1,000 grow to $1,210

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Using the formula in Problem 45, determine the interest rate that will make $1,000 grow to $1,210 in 2 years.

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 08:45 AM

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Using the formula in Problem 45, determine the interest rate that will make $1,000 grow to $1,210

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A P1 r 2 P1 2r r 2 Let P 10...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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