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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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Maximum Number

Maximum number refers to the highest count or quantity that is possible or permitted within a specific context.

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The technique of downplaying negative information or news to minimize impact or disappointment.

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