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John is going to invest $820 and leave it in an account for 19 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest tenth of a percent, would be required in order for
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John is going to invest $820 and leave it in an account for 19 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest tenth of a percent, would be required in order for John to end up with $1,830?

User Jacques MALAPRADE
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John would need an interest rate of 7.6% in order to end up with $1,830 after 19 years of investing $820 compounded quarterly
User Kartik Pandya
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