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August 29, 2015

Homework Help: Compounded Interest

Posted by Anonymous on Sunday, November 21, 2010 at 8:36pm.

) An investment of $37,000 was deposited in the bank. Interest was computed on a semiannual basis and was kept there for 10 years. If the maturity value of this investment is $74,000, at what interest rate was it invested?

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