Question

Mar 01, 2:2

Nolan is going to invest $96,000 and leave it in an account for 6 years. Assuming the
interest is compounded monthly, what interest rate, to the nearest hundredth of a
percent, would be required in order for Nolan to end
up
with $142,000?

Answer 1

put it this way 10% Is 9600 and 1% is 960

Explanation:

so if it stacks monthly you can find your answer

also if you lookup compound interest calculator it will help you will future problems

Answer 2

Answer: its 6.54

Step-by-step explanation: its right on delta math