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Connor is going to invest $83,000 and leave it in an account for 15 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a percent, wo…

Connor is going to invest $83,000 and leave it in an account for 15 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a percent, wo…
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8 votes
Connor is going to invest $83,000 and leave it in an account for 15 years. Assuming

the interest is compounded monthly, what interest rate, to the nearest tenth of a
percent, would be required in order for Connor to end up with $125,000?

User ReneS
by
8.2k points

1 Answer

4 votes

Answer:

2.7

Explanation:

User Jake Walsh
by
7.6k points
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