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You have $1200 to invest in an account and need to have $1900 in one year. What interest rate would you need to have in order to reach this goal if the amount is compounded quarterly? PLEASE HELP I NEED
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You have $1200 to invest in an account and need to have $1900 in one year. What interest rate would you need to have in order to reach this goal if the amount is compounded quarterly?

PLEASE HELP I NEED THIS

User Jstaab
by
7.4k points

2 Answers

9 votes

Answer:

14.5825 per quarter

Explanation:

some quick division

User Shamina
by
7.5k points
4 votes
14.5824 hope u have a nice day
User Mike Barwick
by
6.8k points
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