Use the continuous compound interest formula to find the indicated value. A=$20,410; P=$14,000; t=60 months; r=? r=____% (round to three decimal places as needed)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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Use the continuous compound interest formula to find the indicated value.

A=$20,410; P=$14,000; t=60 months; r=?

r=____% (round to three decimal places as needed)

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