Mathematics, 18.12.2020 03:40 lorettawintx

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: 1

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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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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?