Question: Elizabeth has $ 3 1 , 2 0 9 . 0 0 in an investment account. Her goal is to have the account grow to

Elizabeth has $31,209.00 in an investment account. Her goal is to have the
account grow to $118,806.00 in 15 years without having to make any
additional contributions to the account. What effective annual rate of
interest would she need to earn on the account in order to meet her goal?
10.32%
10.82%
9.32%
9.82%
11.32%
 Elizabeth has $31,209.00 in an investment account. Her goal is to

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