Question: Suppose you have $ 2 4 , 3 0 0 today. You would like to be able to buy a car that will cost $

Suppose you have $24,300 today. You would like to be able to buy a car that will cost $32,400 in 5 years. What annually compounded interest rate would you need to earn in order to be able to buy the car? Enter your answer as a percentage rounded 2 decimal places. Do not enter the % sign.
Enter your answer below.
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Suppose you have $24,300 today. You would like to be able

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