Answer:
r=7
Step-by-step explanation:
74000=28000(1+r/12)^12(14)
divide 74000 by 28000, and cancel out 28000.
1.00580=1+r/12
(100) .06962=r
r = 6.96198
the 6 after the 9 rounds 9 to 0, which rounds the 6 to 7
r=7
Plan B. to me is he obvious answer.
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