Multiple Choice
Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 3 year(s) if interest is compounded continuously. Round your answer to two decimal places.
A) 5.28% per year
B) 5.35% per year
C) 5.14% per year
D) 5.42% per year
E) 5.21% per year
Correct Answer:
Verified
Correct Answer:
Verified
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