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Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest tenth of a percent, would be required in order
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Nov 26, 2022
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Evelyn is going to invest $3,500 and leave it in an account for 16 years. Assuming the
interest is compounded quarterly, what interest rate, to the nearest tenth of a
percent, would be required in order for Evelyn to end up with $6,200?
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Answer:3.6%
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Preator
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