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Asked by Shay

The future value of $6000 invested for 5 years at rate r, compounded annually, is given by S=6000(1+r)^5. Find the rate r, as a percent that gives a future value of $8415.31. Round to the nearest whole percent.
14 years ago

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Answered by Henry
Check your 12:49pm post.
14 years ago

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