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Can someone do this? You invest $6000 today. What interest rate is needed to have $8000 in 4 years if money is compounded weekly?
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Sep 5, 2021
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Can someone do this? You invest $6000 today. What interest rate is needed to have $8000 in 4 years if
money is compounded weekly?
Mathematics
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Nathaniel Wendt
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Answer:
R = 7.197% per year
Explanation:
r = n[(A/P)1/nt - 1]
Bastian Voigt
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Sep 11, 2021
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Bastian Voigt
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