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Hannah would like to make an investment that will turn 5000 dollars into 35000 dollars in 7 years. What quarterly rate of interest, compounded four times per year, must she rece…

Hannah would like to make an investment that will turn 5000 dollars into 35000 dollars in 7 years. What quarterly rate of interest, compounded four times per year, must she rece…
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Hannah would like to make an investment that will turn 5000 dollars into 35000 dollars in 7 years. What quarterly rate of interest, compounded four times per year, must she receive to reach her goal?

asked
User DadViegas
by
7.8k points

1 Answer

4 votes

Answer:

1000

Explanation:

answered
User Klaus Se
by
7.9k points
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