Multiple Choice
What interest rate is required to accumulate $6,802.50 in four years from an investment of $5,000?
A) 5%
B) 8%
C) 10%
D) 12%
E) 15%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: Sam has a loan that requires a
Q9: A company is considering investing in a
Q11: A company needs to have $200,000 in
Q11: The future value of an _ annuity
Q13: The future value of $100 compounded semiannually
Q14: An ordinary annuity refers to a series
Q15: Interest is:<br>A)Time.<br>B)A borrower's payment to the owner
Q16: With deposits of $5,000 at the end
Q17: How long will it take an investment
Q79: The present value of 1 formula is