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miv72 [106K]
3 years ago
8

Bella is going to invest $94,000 and leave it in an account for 9 years. Assuming the interest is compounded daily, what interes

t rate, to the nearest hundredth of a percent, would be required in order for Bella to end up with $156,000?
Mathematics
1 answer:
liubo4ka [24]3 years ago
3 0

Answer:

8.8420

Step-by-step explanation:

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Given:

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For us to be able to determine the percentage decrease, we will be using the following formula:

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