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Mathematics, 04.03.2021 17:40 kingdrex4772

The formular r= √A/P- 1 gives the interest rater that will allow principal P to grow into amount A in two years, if the interest is compounded annually. Suppose you have 5425 to deposit into an account. Find the interest rate you would need to have $470 in the account at the end of the second year.

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