Determine the rate of interest required for principal amount, Microeconomics

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Determine the rate of interest required for principal amount

Problem

1. Determine the rate of interest required for a principal of $1000 to produce a future value of $4000 after 10 years compounded continuously.

2. Determine the annual percentage rate of interest if the nominal rate is 12% compounded quarterly

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine the rate of interest required for principal amount

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Microeconomics: Determine the rate of interest required for principal amount

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