m2addyS2abyForestill m2addyS2abyForestill

07-12-2016
Mathematics

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Find the interest rate needed for an investment of $9,000 to quadruple in 15 years if interest is compounded quarterly. (round your answer to the nearest hundredth of a percentage point.)

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Aliwohaish12 Aliwohaish12

08-12-2016

4p=p(1+i/4)^60,,4^1/60=1+i/4...now your turn..solve for i

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