Answered

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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?

Sagot :

Answer: r ≈ 7.01%

Step-by-step explanation:

Answer:

4.9%  

Step-by-step explanation:

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