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ohaa [14]
3 years ago
14

Tia is investing $2500 that she would like to grow to $6000 in 10 years. At what annual interest rate, compounded quarterly, mus

t Tia invest her money? Round your answer to two decimal places.
Mathematics
1 answer:
timurjin [86]3 years ago
7 0
To find the required interest rate, you need to solve the following equation for r:
6000=2500(1+ \frac{r}{4} )^{40}
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