A biotech company will require $10,112,400 to expand its research facility in 2 years.It has $9,000,000 to invest now for this purpose.At what annual rate of interest,compounded annually,should it invest this amount to be ready for construction in 2 years?

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The Answer of A biotech company will require $10,112,400 to expand its research facility in 2 years.It has $9,000,000 to invest now for this purpose.At what annual rate of interest,compounded annually,should it invest this amount to be ready for construction in 2 years?

A Biotech Company Will Require $10,112,400 to Expand Its Research