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d) P = 1500, Y = 10, I = .08 and n = 12. Sue has $1,000 to invest. She wants it to earn $1,000 in 12 years. What interest rate would she have to invest at if the interest compounded daily? P = 1000, Y = 12 and n = 365. She wants to earn $1000 in 12 years so T = 2000. I is missing so we use the . formula: She needs to find a 5.78% interest rate. ................
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