Question: (Compound value solving for r ) At what annual rate would the following have to be invested? a. $520 to grow to $1,462.59 in 12

(Compound value solving for

r

) At what annual rate would the following have to be invested?\ a.

$520

to grow to

$1,462.59

in 12 years\ b.

$330

to grow to

$523.67

in 6 years\ c.

$53

to grow to

$540.46

in 19 years\ d.

$216

to grow to

$289.06

in 5 years\ a. At what annual rate would

$520

have to be invested to grow to

$1,462.59

in 12 years?\

%

(Round to the nearest whole percent.)

 (Compound value solving for r ) At what annual rate would

(Compound value solving for r ) At what annual rate would the following have to be invested? a. $520 to grow to $1,462.59 in 12 years b. $330 to grow to $523.67 in 6 years c. $53 to grow to $540.46 in 19 years d. $216 to grow to $289.06 in 5 years a. At what annual rate would $520 have to be invested to grow to $1,462.59 in 12 years? % (Round to the nearest whole percent.)

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!