At what rate must $500 be compounded annually for it to grow to $1,079.46 in 10 years?
At what rate must $500 be compounded annually for it to grow to $1,079.46 in 10 years?
a. 6 percent
b 7 percent
c. 8 percent
d. 5 percent
a. 6 percent
b 7 percent
c. 8 percent
d. 5 percent
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