You have $1,000 today and want to have $2,500 in 5 years’ time. What is the minimum annual interest rate, compounded mon
Posted: Tue Jan 18, 2022 1:01 pm
You have $1,000 today and want to have $2,500 in 5 years’ time.
What is the minimum annual interest rate, compounded monthly you
need to reach your goal? Round you answer to the nearest 0.01%. (3
marks)
What is the minimum annual interest rate, compounded monthly you
need to reach your goal? Round you answer to the nearest 0.01%. (3
marks)