Mathematics, 05.03.2021 22:20 wcraig1998

Morgan is going to invest $8,200 and leave it in an account for 10 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a
percent, would be required in order for Morgan to end up with $16,500?

Answers: 2

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Morgan is going to invest $8,200 and leave it in an account for 10 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a percent, would be required in order for Morgan to end up with $16,500?

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Another question on Mathematics

Morgan is going to invest $8,200 and leave it in an account for 10 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a
percent, would be required in order for Morgan to end up with $16,500?