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Future Value Calculation of $3000 Investment Over 3 Years

This content explores the future value of a $3000 investment compounded annually over three years at an unknown interest rate. The goal is to determine what interest rate (r) will yield a future value of at least $3630. By applying the formula for compounded interest, we can derive the necessary interest rate needed to reach the target amount. This analysis aids in understanding investment growth and the impact of compounding interest over time.

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Future Value Calculation of $3000 Investment Over 3 Years

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  1. example 7 Investment Chapter 4.4 The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? 2009 PBLPathways

  2. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630?

  3. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630?

  4. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630?

  5. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y r

  6. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y r [

  7. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y r [

  8. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y r [

  9. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y r [

  10. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y r [

  11. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y r [

  12. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y r [

  13. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y (0.0656,3630) r [

  14. The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y (0.0656,3630) r 0.0656 [

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