What interest rate would be necessary for $9,400 investment to grow to $13,200 in an account compounded semi-annually for 9 years? Number % (enter your answer as a percentage rounded to two decimal places)
What interest rate would be necessary for $9,400 investment to grow to $13,200 in an account compounded semi-annually for 9 years? Number % (enter your answer as a percentage rounded to two decimal places)
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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