Mark heard that he could triple his money in 13 years if he invested it in a large business. What nominal interest rate compounded quarterly does telecommunications the business offer? % Round to two decimal places

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Mark heard that he could triple his money in 13 years if he invested it in a large
business. What nominal interest rate compounded quarterly does
telecommunications
the business offer?
%
Round to two decimal places
Transcribed Image Text:Mark heard that he could triple his money in 13 years if he invested it in a large business. What nominal interest rate compounded quarterly does telecommunications the business offer? % Round to two decimal places
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