Mathematics, 30.05.2020 08:59 Emiann222

You have $2000 to invest in an account and need to have $2500 in five years. What annual interest rate would you need to have in order to have this if the amount is compounded monthly?
a) 4%
b) 2%
c) 5%
d) 3%

Answers: 2

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You have $2000 to invest in an account and need to have $2500 in five years. What annual interest rate would you need to have in order to have this if the amount is compounded monthly? a) 4% b) 2% c) 5% d) 3%

Answers

Another question on Mathematics

You have $2000 to invest in an account and need to have $2500 in five years. What annual interest rate would you need to have in order to have this if the amount is compounded monthly?
a) 4%
b) 2%
c) 5%
d) 3%