Find the interest rate for each deposit and compound amount. $8000 accumulating to $12,384.48, compounded quarterly...

Find the interest rate for each deposit and compound amount. $8000 accumulating to $12,384.48, compounded quarterly for 8 years.

a. 5%

b. 5.75%

c. 5.5%

d. 6%

Expert Solution

ekkarill92 answered 7 months ago

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