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Mathematics, 24.01.2021 01:00, RayshawnBoulware
The balance, B, in dollars, after T years of an investment that earns interest compounded annually is given by the function B(t) = 1500(1.045)^t .To the nearest hundredth of a percent what is the monthly interest rate for the investment?
A) 4.50%
B) 3.67%
C) 0.37%
D) 69.59%
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Answers: 3
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