Find the Interest Rate Needed for an Investment of $4,000

question 184

Short Answer

Find the interest rate needed for an investment of $4,000 to grow to an amount of $8,500 in 2 year(s) if interest is compounded monthly. Round your answer to the nearest hundredth.
__________%

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Definitions:

Linguistic Performance

The observable use of language in communication; how well an individual can produce spoken or written language in real-life situations.

Linguistic Competence

The subconscious knowledge of grammar that allows a person to use and understand a language.

Linguistic Relativity

The hypothesis that the language one speaks influences and shapes their cognitive processes and worldview.

Aphasia

A disorder of language, thought to have neurological causes, in which language production and/or language reception are disrupted.