Calculate, to the Nearest 0

question 68

Short Answer

Calculate, to the nearest 0.1%, what annual interest rate would be required if you invested $6,000 in Apple stock and ended up with $11,264 when you sold the stock after 9 years Assume that interest was compounded quarterly.

The required annual interest rate is __________%.

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Definitions:

Technopoly

A society that highly values and depends on technology, often prioritizing technological advancement over other social values.

Normal Accidents

A concept in the sociology of large technological systems that predicts that accidents are inevitable in complex systems due to their intricacies and the interdependence of their components.

High Tech

Industries or companies involved in developing and producing advanced technology products or services.

Big Tech

Large, dominant technology companies, often cited as having considerable market power and influence over the economy, society, and politics.