An initial investment of $6,500 grows to $250,000 over the course of 40 years. The annual interest rate is 6.5% for the
Posted: Tue Nov 16, 2021 8:32 am
An initial investment of $6,500 grows to $250,000 over the
course of 40 years. The annual interest rate is 6.5% for the first
15 years and 8.5% for the last 15 years. What is the annual
interest rate for the middle 10 years?
course of 40 years. The annual interest rate is 6.5% for the first
15 years and 8.5% for the last 15 years. What is the annual
interest rate for the middle 10 years?