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Peyton is going to invest $71,000 and leave it in an account for 18 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required
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Peyton is going to invest $71,000 and leave it in an account for 18 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Peyton to end up with $106,000?

User Loukan ElKadi
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1 Answer

3 votes

Answer:

2.23

Explanation:

User Terenoth
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