Multiple Choice
Interest rate: Trayne Rice has $3,000 to invest for three years. He wants to receive $5,000 at the end of the three years. What invest rate would his investment have to earn to achieve his goal? (Round to the nearest percent.)
A) 19%
B) 21%
C) 13%
D) 16%
Correct Answer:
Verified
Correct Answer:
Verified
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