OGneonstraws OGneonstraws

21-03-2021
Mathematics

contestada

Alexander is going to invest $1,900 and leave it in an
account for 7 years. Assuming the interest is
compounded monthly, what interest rate, to the nearest
tenth of a percent, would be required in order for
Alexander to end up with $3,100?

Respuesta :

21-03-2021

3,100= 1,900 +84x

right since 84 months in 7 years

so 14.3% right?

Answer Link

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