Mathematics, 09.03.2021 04:50 lea5261

Logan is going to invest $61,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest
hundredth of a percent, would be required in order for Logan to end up with
$103,000?

Answers: 3

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More questions: Mathematics Another questions

Logan is going to invest $61,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Logan to end up with $103,000?

Answers

Another question on Mathematics

Logan is going to invest $61,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest
hundredth of a percent, would be required in order for Logan to end up with
$103,000?