jr0373178 jr0373178

11-05-2021
Mathematics

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Christian is going to invest $310 and leave it in an account for 20 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, would be required in order for Christian to end up with $1,000?

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kg0292730 kg0292730

12-05-2021

Answer:

r=5.86%

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