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Angelina_Jolie [31]
3 years ago
9

Neeed help please its due today

Mathematics
1 answer:
AysviL [449]3 years ago
5 0

Answer: DB = 9 I think.

Step-by-step explanation:

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At what interest rate must you invest $4500 to have $7,000 after 6 years, if the interest is compounded quarterly?
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The amount is $8358.7 and the interest is $3858.7.

Step-by-step explanation:

Explanation

STEP 1: To find amount we use formula:

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P = principal or amount of money deposited,

r = annual interest rate

n = number of times compounded per year

t = time in years

In this example we have

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After plugging the given information we have

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