Register

Judith puts $5000 into an investment account with interest compounded explain continuously. which approximate annual rate is needed for the account to grow to $9110 after 30 yea…

Judith puts $5000 into an investment account with interest compounded explain continuously. which approximate annual rate is needed for the account to grow to $9110 after 30 yea…
53.8k views
1 vote
Judith puts $5000 into an investment account with interest compounded explain continuously. which approximate annual rate is needed for the account to grow to $9110 after 30 years?

User Jordan Rolph
by
8.2k points

1 Answer

5 votes
The interest per year for $5,000 to become $9,110 after 30 years is 2.02% compounded continuously.
User Aleksander Pohl
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is the best way to describe a stock market?
Link Copied!