asked 159k views
4 votes
Peyton is going to invest $71,000 and leave it in an account for 18 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Peyton to end up with $106,000?

1 Answer

3 votes

Answer:

2.23

Explanation:

answered
User Terenoth
by
8.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.