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Find the interest rate needed for an investment of $9,000 to quadruple in 15 years if interest is compounded quarterly. (round your answer to the nearest hundredth of a percenta…

Find the interest rate needed for an investment of $9,000 to quadruple in 15 years if interest is compounded quarterly. (round your answer to the nearest hundredth of a percenta…
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Find the interest rate needed for an investment of $9,000 to quadruple in 15 years if interest is compounded quarterly. (round your answer to the nearest hundredth of a percentage point.)

User GyD
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1 Answer

7 votes
4p=p(1+i/4)^60,,4^1/60=1+i/4...now your turn..solve for i
User Michael Krebs
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