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Jack invests $6,000 at age 28. He hopes the investment will be worth $300,000 when he turns 60. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal?
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Mar 18, 2021
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Jack invests $6,000 at age 28. He hopes the investment will be worth $300,000 when he turns 60. If the interest
compounds continuously, approximately what rate of growth will he need to achieve his goal?
Mathematics
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WedTM
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2
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3
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Answer:
400000
Explanation:
KRONWALLED
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Mar 19, 2021
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5
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Answer:
12.2%
Explanation:
Relevart
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Mar 22, 2021
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