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Layla is going to invest $5,200 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
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Layla is going to invest $5,200 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 Layla to end up with $13,800?

User Christer Nordvik
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3.3k points

1 Answer

4 votes

Answer:

6.5%

Explanation:

I just know

User Patrick McDermott
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