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Colton is going to invest $76,000 and leave it in an account for 15 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, would be required in order
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Colton is going to invest $76,000 and leave it in an account for 15 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, would be required in order for Colton to end up with $155,000?

User Mehdi Golzadeh
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1 Answer

6 votes

Answer: 4.75%

Explanation:

User Oleksandr IY
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