Solve the problem.
-At what interest rate must $5100 be compounded annually to equal $8189.49 after 7 yr? (Round to the nearest percent.)
A) 6%
B) 7%
C) 8%
D) 9%
Correct Answer:
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Q303: Solve the problem.
-Find the present value of
Q304: Solve the problem.
-Find the interest rate necessary
Q305: Determine the doubling time of the investment.
-6%
Q306: Solve the problem.
-Assume the cost of a
Q307: Determine the doubling time of the investment.
-$1100
Q309: Solve the problem.
-Find the periodic payment of
Q310: Solve the problem.
-Find how long it will
Q311: Solve the problem.
-How long will it take
Q312: Solve the problem.
-How long must $4100 be
Q313: Solve the problem.
-Find the periodic payment of
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