Hannah would like to make an investment that will turn 5000 dollars into 35000 dollars in 7 years. What quarterly rate of interest, compounded four times per year, must she receive to reach her goal?

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asked Dec 5, 2021 196k views

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Hannah would like to make an investment that will turn 5000 dollars into 35000 dollars in 7 years. What quarterly rate of interest, compounded four times per year, must she receive to reach her goal?

Mathematics
middle-school

DadViegas asked

by DadViegas

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1 Answer

4 votes

Answer:

1000

Explanation:

Klaus Se answered Dec 11, 2021

by Klaus Se

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