Question: at what annual interest rate, compounded annuallywould $ 5 0 0 have to be invested for it to grow yto $ 1 , 8 9

at what annual interest rate, compounded annuallywould $500 have to be invested for it to grow yto $1,890.78 in to years? The annual interest rate, compounded annually, at $500 must be unvesteinvested for it to geogrow to $1,890.78 in 10 years is___%(round to two dexicimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!