Multiple Choice
Alpha, Inc. is saving money to build a new factory. Six years ago they set aside $250,000 for this purpose. Today, that account is worth $306,958. What rate of interest is Alpha earning on this money?
A) 3.43%
B) 3.45%
C) 3.48%
D) 3.52%
E) 3.55%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q126: You hope to buy your dream house
Q146: The Blackwell Co. expects to receive $135,000
Q147: Compounding is the process of finding the
Q148: Sampson, Inc. invested $1.325 million in a
Q150: You have just landed your first job.
Q152: Lisa deposited $500 in a savings account
Q153: Stephen has $2,400 to invest. Which one
Q154: Interest earned on the reinvestment of previous
Q155: Your goal is to have $50,000 in
Q156: Twelve years ago, Jake invested $2,000. Six