Wyatt is going to invest $28,000 and leave it in an account for 5 years.
Assuming the interest is compounded quarterly, what interest rate, to the
nearest hundredth of a percent, would be required in order for Wyatt to end
up with $31,000?

Question

04-05-2021
Mathematics

Answered

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Wyatt is going to invest $28,000 and leave it in an account for 5 years.
Assuming the interest is compounded quarterly, what interest rate, to the
nearest hundredth of a percent, would be required in order for Wyatt to end
up with $31,000?

Sagot :

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