SOLUTION: At what rate do we have to invest $1900 for 4 years compounded monthly
to obtain a final amount of $2250?
Algebra.Com
Question 962644: At what rate do we have to invest $1900 for 4 years compounded monthly
to obtain a final amount of $2250?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
---------------
Take the log of both sides
The rate is 4.23%
check:
OK
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