Mathematics, 16.02.2021 21:50 sloane50

Sarah is going to invest $8,600 and leave it in an account for 16 years. Assuming the interest is compounded annually, what interest rate, to the nearest tenth of a percent,
would be required in order for Sarah to end up with $18,500?

Answers: 3

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Sarah is going to invest $8,600 and leave it in an account for 16 years. Assuming the interest is compounded annually, what interest rate, to the nearest tenth of a percent, would be required in order for Sarah to end up with $18,500?

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Sarah is going to invest $8,600 and leave it in an account for 16 years. Assuming the interest is compounded annually, what interest rate, to the nearest tenth of a percent,
would be required in order for Sarah to end up with $18,500?