-ars? rate would be %. (If needed, round to 1 decimal place.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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At what nominal rate, compounded annual, would $6,000.00 have to be invested to amount to $8,429.57 in
3 years?
The rate would be
%. (If needed, round to 1 decimal place.)
Transcribed Image Text:At what nominal rate, compounded annual, would $6,000.00 have to be invested to amount to $8,429.57 in 3 years? The rate would be %. (If needed, round to 1 decimal place.)
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