Mathematics, 29.05.2021 08:00 mmoore36
Sara is planning on fully renovating her kitchen. She figures that this will cost a total of $25,750. If Sandra already has $21,400 saved up, what annual interest rate
compounded semiannually would Sara need to earn in order to have the required
funds if she invests her money for 2.5 years?
Answers: 2
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![\sqrt[5]{(1 + 0.5r)^5} = \sqrt[5]{\frac{25750}{21400}}](/tpl/images/1354/9031/d2df3.png)
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Sara is planning on fully renovating her kitchen. She figures that this will cost a total of $25,750...
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