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  3. 4) interest (show all of your work!) find the inte

4) Interest (Show all of your work!) Find the interest rate required for an investment of...

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Finance

4) Interest (Show all of your work!) Find the interest raterequired for an investment of $10,000 to grow to $15,000 in 5 yearsif the interest is compounded as follows:

a) Annually

b) Quarterly

5) Inflation (Show all of your work!) Assuming annualcompounding, find the time it would take for the general level ofprices, in the economy, to double at the following annual inflationrates:

a) 3%

b) 8%

6) Time to Double (Show all of your work!) With an interest rateof 6% and monthly compounding, how long will it take for aninvestment to double in value?

Answer & Explanation Solved by verified expert
4.1 Ratings (837 Votes)
4 a Annual compoundingb Quarterly compoundingn 5 4    See Answer
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