Mathematics, 25.06.2021 19:50 pamelperezz26
A bank account has an initial deposit of $18,000. After 10 years, the bank account
has $25,000. Assuming that compounding interest is done annually and that no
withdrawals are taken, find the annual interest rate on the investment. If the interest is compounded annually, what is the approximate interest rate on the investment?
Answers: 1
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A bank account has an initial deposit of $18,000. After 10 years, the bank account
has $25,000. Ass...
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