Killuaisfast Killuaisfast
  • 06-10-2021
  • Mathematics
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You invest $1200 into an account paying 7% interest compounded quarterly. Determine the annual interest rate to the nearest hundredth of a percent

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zurcherkylie
zurcherkylie zurcherkylie
  • 06-10-2021
171 percent
1200 divided by 7 is 172.428571. rounding up to the nearest hundredth would be 171
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