When an investment grows p% over n years, the effective annual percentage rate, r, and p are 100 (1- related by the formula p = 10 Calculate the effective annual percentage 100)-1). rate of an investment that grows 7.46% over 5 years. Round your answer to two decimal places. Note that p andr are percents. So, for example, if an investment grows 8.25%, p = 8.25. % Question Help: D Post to forum Submit Question

When an investment grows p% over n years, the effective annual percentage rate, r, and p are 100 (1- related by the formula p = 10 Calculate the effective annual percentage 100)-1). rate of an investment that grows 7.46% over 5 years. Round your answer to two decimal places. Note that p andr are percents. So, for example, if an investment grows 8.25%, p = 8.25. % Question Help: D Post to forum Submit Question

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter4: Exponential Functions

Section4.2: Constant Percentage Change

Problem 27SBE: Round each percentage increase or decrease that you calculate to the nearest tenth of a percent....

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