Mathematics, 27.03.2021 06:20 koranbutterton

Robert is going to invest $640 and leave it in an account for 20 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest hundredth of a
percent, would be required in order for Robert to end
up
with $1,280?

Answers: 2

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Robert is going to invest $640 and leave it in an account for 20 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest hundredth of a percent, would be required in order for Robert to end up with $1,280?

Answers

Another question on Mathematics

Robert is going to invest $640 and leave it in an account for 20 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest hundredth of a
percent, would be required in order for Robert to end
up
with $1,280?