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Oliver is going to invest $27,000 and leave it in an account for 5 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would…

Oliver is going to invest $27,000 and leave it in an account for 5 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would…
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Oliver is going to invest $27,000 and leave it in an account for 5 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would be required in order for Oliver to end up with $36,000 ?

asked
User Arman Safikhani
by
8.7k points

1 Answer

5 votes

Answer:5.8

Explanation:

answered
User Ravi G
by
7.1k points
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