Register

Jackson is going to invest $33,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a perce…

Jackson is going to invest $33,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a perce…
asked 46.7k views
2 votes
Jackson is going to invest $33,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Jackson to end up with $133,000?

asked
User Ali Ent
by
8.2k points

1 Answer

3 votes

Answer:

7%

Explanation:

answered
User Fahmiduldul
by
6.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!