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Chester hopes to earn $1100 in interest in 3.9 years time from $11,000 that he has available to invest. To decide if it'
Posted: Thu Jul 07, 2022 2:25 pm
by answerhappygod
- Chester Hopes To Earn 1100 In Interest In 3 9 Years Time From 11 000 That He Has Available To Invest To Decide If It 1 (20.02 KiB) Viewed 42 times
Chester hopes to earn $1100 in interest in 3.9 years time from $11,000 that he has available to invest. To decide if it's feasible to do this by investing in an account that compounds quarterly, he needs to determine the annual interest rate such an account would have to offer for him to meet his goal. What would the annual rate of interest have to be? Round to two decimal places. Answer How to enter your answer (opens in new window) % Keypar Keyboard Shortc