Daniel wants to earn $5,000.00 in four years. He has $2,500.00 that he can put into an account that will be compounded monthly.

Question

3 years ago

9

What is the rate that he will need in order to reach his goal? a 16.4% b 17.9% c 17.4% d 16.9%

1 answer:

Flauer [41] · Answer 1 · 2022-03-12T06:21:34+03:00

6 0

Answer:

16.4

Step-by-step explanation:

­Daniel wants to earn $5,000.00 in four years. He has $2,500.00 that he can put into an account that will be compounded monthly.