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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
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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
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1 Answer

10 votes

Answer:

Explanation:

r=6.7

User Marvin Caspar
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