Register
Isaiah is going to invest $94,000 and leave it in an account for 16 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would be required in order for
69.5k views
1 vote
Isaiah is going to invest $94,000 and leave it in an account for 16 years. Assuming the interest is compounded daily, what interest rate, to the nearest tenth of a percent, would be required in order for Isaiah to end up with $273,000?

User Jansepke
by
5.8k points

1 Answer

10 votes

Answer:

Explanation:

r=6.7

User Marvin Caspar
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.4m questions

9.9m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
Link Copied!