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July 14, 2014

July 14, 2014

Posted by **Shay** on Thursday, July 7, 2011 at 12:49pm.

- Algebra II -
**Reiny**, Thursday, July 7, 2011 at 2:39pm8415.31=6000(1+r)^5

1.4025517 = (1+r)^5

take the 5th root on your calculator

1.0699999 = 1+r

r = .069999 or 7%

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