Provide an appropriate response.Miguel has the opportunity to invest $3000 in a friend's business such that he will be repaid $4500 in six years. If he instead wanted to put the $3000 into a savings account, what interest rate compounded monthly would be needed to equal the investment?
Fill in the blank(s) with the appropriate word(s).
6.78%
You might also like to view...
Use the figure below to answer the following question(s).
Which of the graphs has an Euler path but no Euler circuit?
A. Graph 2 only B. Graphs 1 and 2 C. Graph 1 only D. Graph 3 only E. none of these
Find the exact value of the trigonometric expression without the use of a calculator.If sin ? = 
, 
< ? < ? and cos ? = 
, 0 < ? < 
, find the exact value of sin (? - ?).
A. 
B. 
C. 
D. - 
Solve.2x2 - 4xy + y2 = 7x2 - 3xy + 3y2 = 7
A. (2
, 
) and (-2
, - 
)
B. (1, -1) and (-1, 1)
C. (1, -1), (-1, 1), (2
, 
), (-2
, - 
)
D. (1, -1)
Solve. Round your answer to the nearest tenth, if necessary.The formula 
represents the number of households in a certain city, N, in thousands, that have a computer, x years after 2005. According to the formula, in what year were there 45,000 households with computers in this city?
A. 2007 B. 2009 C. 2008 D. 2010