Solved

Find the Interest Rate Needed for an Investment of $5,000

Question 102

Short Answer

Find the interest rate needed for an investment of $5,000 to grow to an amount of $6,000 in 3 year(s) if interest is compounded continuously. Round your answer to the nearest hundredth.
Interest rate is __________% per year.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions