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
7.1k points

1 Answer

10 votes

Answer:

Explanation:

r=6.7

User Marvin Caspar
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!