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Solve the problem.
-A survey of the interest rates earned by Certificates of Deposit (CDs) showed the following percents for the length of time (in years) for holding the CD. Let length of time represent the independent variable and interest
Rate represent the dependent variable. Use a graphing utility to draw a scatter diagram and to find the line of
Best fit. What is the estimate of the interest rate for a CD held for 30 years (to the nearest thousandth) ?
Transesterification
A chemical reaction in which an ester is transformed into a different ester through the exchange of alkyl groups, important in biodiesel production.
Ethyl Acetate
A volatile, colorless liquid used as a solvent and in the manufacture of products such as paints, coatings, and adhesives.
N-Propanol
Also known as 1-propanol, a primary alcohol with the formula CH3CH2CH2OH, utilized as a solvent and in the synthesis of other chemicals.
Nucleophilic Acyl Substitution
A chemical reaction in which an acyl group on a molecule is replaced by a nucleophile, a process common in organic synthesis.
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