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Olivia is going to invest $32,000 and leave it in an account for 15 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a percent…

Olivia is going to invest $32,000 and leave it in an account for 15 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a percent…
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Olivia is going to invest $32,000 and leave it in an account for 15 years. Assuming the interest is compounded monthly, what interest rate, to the nearest hundredth of a percent, would be required in order for Olivia to end up with $80,000?

User Trickyzter
by
8.0k points

1 Answer

5 votes

Answer:

6.12

Explanation:

User Vishnu Sandhireddy
by
8.3k points
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