Register

Christian is going to invest $310 and leave it in an account for 20 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, …

Christian is going to invest $310 and leave it in an account for 20 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, …
asked 44.8k views
1 vote
Christian is going to invest $310 and leave it in an account for 20 years. Assuming the interest is compounded daily, what interest rate, to the nearest hundredth of a percent, would be required in order for Christian to end up with $1,000?

asked
User Anandan
by
8.1k points

1 Answer

4 votes

Answer:

r=5.86%

Explanation:

answered
User Darryl Mendonez
by
9.0k 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
How do you estimate of 4 5/8 X 1/3
Link Copied!