Mathematics, 05.04.2021 07:10 markaylarowland8

Mike has $500 he wants to save for a big trip in the summer after he graduates from high school. His goal is to find an investment vehicle that will allow his money to double to $1,000 in 4 years. What compound annual interest rate, R, will make this happen?

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Mike has $500 he wants to save for a big trip in the summer after he graduates from high school. His...