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Carter is going to invest $79000 and leave it in an account for 12 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a per…
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Carter is going to invest $79000 and leave it in an account for 12 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a per…
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Nov 20, 2022
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Carter is going to invest $79000 and leave it in an account for 12 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required for carter to end up with $121000?
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Answer:
r≈3.55%
Explanation:
Lengoman
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