What is the effective annual rate of interest if $450 grows to $750 in 3 years and

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What is the effective annual rate of interest if $450 grows to $750 in 3 years and 5 months compounded monthly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:52 AM

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What is the effective annual rate of interest if $450 grows to $750 in 3 years and

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PV 45000 FV 75000 n 41 C Y 12 75000 45000 1 i 41 i 7500045000 141 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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