Alice invests $5,000 at age 28 from the signing bonus of her new job. She hopes the investments will be worth $20,000 when she turns 40. If the interest compounds continuously, approximately what rate

Alice invests $5,000 at age 28 from the signing bonus of her new job. She hopes the investments will be worth $20,000 when she turns 40. If the interest compounds continuously, approximately what rate of growth will she need to achieve her goal?

1 Answer

Alice invests $5,000 at age 28 from the signing bonus of her new job. She hopes the investments will be worth $20,000 when she turns 40. If the interest compounds continuously, …

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions