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Black_prince [1.1K]

3 years ago

15

Peyton is going to invest $9,700 and leave it in an account for 16 years. Assuming the interest is compounded continuously, what

interest rate, to the nearest tenth of a percent, would be required in order for Peyton to end up with $14,100?

1 answer:

Mariulka [41]3 years ago

5 0

Answer: r ≈ 2.3%

Step-by-step explanation:

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