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Landon is going to invest $3,400 and leave it in an account for 18 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, w…

Landon is going to invest $3,400 and leave it in an account for 18 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, w…
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22 votes
Landon is going to invest $3,400 and leave it in an account for 18 years. Assuming

the interest is compounded daily, what interest rate, to the nearest hundredth of a
percent, would be required in order for Landon to end up with $8,900?

asked
User Belisa
by
8.2k points

1 Answer

3 votes

Answer:

3,418

Explanation:

answered
User Jarrett Mattson
by
8.6k points
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