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For the Instantaneous Compound Interest in the Formula Q=3,000e−0.09tQ=3,000 e^{-0.09 t}

Question 54

Short Answer

For the instantaneous compound interest in the formula Q=3,000e−0.09tQ=3,000 e^{-0.09 t} , find the effective annual growth rate. Round to the nearest hundredth of a percent.

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