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Solve. Round the answer to the nearest whole number.
-Suppose a city with population 340,000 has been growing at a rate of per year. If this rate continues, find the population of this city in 20 years.
Rate of Return
The increase or decrease in the value of an investment during a certain timeframe, represented as a percent of the investment's initial cost.
Compounded Quarterly
Refers to the application of the compound interest rate to an investment or loan on a quarterly basis.
Loan Balance
The remaining amount of money that a borrower must pay on a loan at any given time.
Compounded Semi-annually
Interest calculation method where interest is added to the principal twice a year, increasing subsequent interest calculations.
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