SOLUTION: what interest rate would be necessary to obtain $7500 in 4 years if $5000 is the original investment and the interest is compounded yearly?

SOLUTION: what interest rate would be necessary to obtain $7500 in 4 years if $5000 is the original investment and the interest is compounded yearly?

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Question 1054462: what interest rate would be necessary to obtain $7500 in 4 years if $5000 is the original investment and the interest is compounded yearly?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

10.67%
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