Mathematics, 24.02.2021 22:00, anna22684

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?

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The balance b, in dollars, after t years of an investment that earns interest compounded annually is...