Mai invests $20,000 at age 20. She hopes the investment will be worth $500,000 when she turns 40. If the interest compounds continuously, approximately what rate of growth will she need to achieve her

asked May 13, 2021 134k views

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1 vote

Answer:

The investment needs the rate of growth to be approximately 16.1%.

Explanation:

Mullins answered May 14, 2021

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5 votes

Answer:16.1%

Explanation:

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