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Mathematics, 24.02.2020 05:37 tinaxiao
Armen is 30 years old now and hopes to retire when he is 60. He wants to invest $10,000 in an account so that the balance will be $50,000 when he retires. What annual percentage rate is necessary for this to happen? (assume that the interest is compounded annually)
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Armen is 30 years old now and hopes to retire when he is 60. He wants to invest $10,000 in an accoun...
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