If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $35,750.50 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)
If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $35,750.50 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $35,750.50 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)
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