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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 145
In the following application problems, find principal to the nearest cent, rate to the nearest tenth of a percent, or time to the nearest day.
SAVING FOR RETIREMENT Mike Jordan deposited $2000 into a Roth Individual
Retirement Account (IRA) investing in a mutual fund containing corporate bonds. Find the rate if he has $2192.50 in the account 15 months later. _____________
SAVING FOR RETIREMENT Mike Jordan deposited $2000 into a Roth Individual
Retirement Account (IRA) investing in a mutual fund containing corporate bonds. Find the rate if he has $2192.50 in the account 15 months later. _____________
Explanation
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If the initial deposit is 2,00...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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