Joshua is going to invest $1,000 and leave it in an account for 18 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a percent, would be required in order for Joshua to end up with $1,500 ?

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07-12-2022
Mathematics

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Joshua is going to invest $1,000 and leave it in an account for 18 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a percent, would be required in order for Joshua to end up with $1,500 ?

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