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7 June, 21:17

The Morenos invest 10000 in an account that grows to 12000 in 5 years what is the annual interest (r) if interest is compounded

a. Quarterly b. Continuously

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Answers (2)
  1. 7 June, 21:25
    0
    Try using the internet. It can be very useful at times.
  2. 7 June, 21:30
    0
    12000=10000 (1+r/4) ^20 ... solve for r
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