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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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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

User Muhammad Ahkam Ahmad
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2 Answers

6 votes
Try using the internet. It can be very useful at times.
User Tim Grant
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3 votes
12000=10000(1+r/4)^20...solve for r
User Yee
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