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?

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The Answer of 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?

Miguel Has the Opportunity to Invest $3000 in a Friend's