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HELP! Austin is going to invest $94,000 and leave it in an account for 14 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a perce…

HELP! Austin is going to invest $94,000 and leave it in an account for 14 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a perce…
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HELP! Austin is going to invest $94,000 and leave it in an account for 14 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a percent, would be required in order for Austin to end up with $157,000?

User Neil Robertson
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1 Answer

2 votes

Answer: 3.7%

Explanation:

User Bananakilo
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