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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
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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?

User WRAR
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4 votes

Answer:

r≈3.55%

Explanation:

Carter is going to invest $79000 and leave it in an account for 12 years. Assuming-example-1
User Lengoman
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