Finding Rate of Growth - A Compound Interest / Exponential Growth Word Problem

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  • Опубліковано 18 жов 2024
  • In this video, I solve and explain the problem:
    What is the annual rate of growth of an investment that grows from $50,000 to $1,000,000 over 30 years?
    This exponential growth problem uses the compound interest formula to find the yearly growth rate of an investment that grows to one million dollars.
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    If you have any questions, feel free to ask in the comments section.

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