document.write( "Question 859498: If I invest $10,000 and it grows to 25,000 in 12 years what is the annual interest rate if the interest is compounded quarterly? \n" ); document.write( "

Algebra.Com's Answer #517799 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( " In General 
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document.write( "A = Accumulated Amount $25,000
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document.write( "P= principal = $10,000
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document.write( "r= annual rate = 
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document.write( "n= periods per year = 4 
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document.write( "t= years = 12
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document.write( "     (1.019 - 1)/.25 = r = .076  0r r = 7.6% \n" );
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