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5 votes
19. Daenerys wants to deposit $25,000 into an account that compounds interest continuously. She hopes to

have $30,000 in 7 years for a down payment on a house. What interest rate that compounds continuously
must she find in order to accomplish her goal? Round your answer to the nearest hundredth of a percent.
a. 1.48%
b. 4.57%
c. 5.29%
d. 6.72%

1 Answer

5 votes

Answer:

A . 1.48

Explanation:

Divide 30,000 by 0.7 and you will get 1.4.....

User Michael Reiland
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