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Find the Interest Rate Needed for an Investment of $6,000

question 73

Short Answer

Find the interest rate needed for an investment of $6,000 to grow to an amount of $8,000 in 3 year(s) if interest is compounded continuously. Round your answer to the nearest hundredth.

Interest rate is __________% per year.


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Pure Competition

Occurs when different companies sell commodity products that consumers perceive as substitutable; price usually is set according to the laws of supply and demand.

Oligopolistic Competition

Occurs when only a few firms dominate a market.

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The aspect of aviation that involves operating aircraft for hire to transport passengers or cargo on scheduled or charter services.

Electrical Service

Maintenance, repair, and installation services provided for electrical systems and components in buildings and infrastructure.

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