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April 18, 2014

Homework Help: precalculus

Posted by candela on Thursday, February 9, 2012 at 10:51pm.

Suppose $1,000 is compounded quarterly for 4 years. What rate is needed to reach a total of $2,000? Round to the nearest tenth of a percent.
use
a=p(1+r/n)^nt

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