ghangshonn ghangshonn
  • 04-05-2021
  • Mathematics
contestada

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?

Respuesta :

iilluminaughty
iilluminaughty iilluminaughty
  • 04-05-2021

Answer:

Interest rate ≈ 3.48%

Step-by-step explanation:

Ver imagen iilluminaughty
Answer Link

Otras preguntas

A banana bread recipe that makes 4 loaves calls for 12 bananas. If you are making 24 loaves, how many bananas do you need?
why do you think gunpowder was stored on the bottom deck?
Which area is under Israeli control and has three major aquifers located beneath it
Hello fellow Brainly users. I need help on my math homework here is an image
Please please please help ? Please and thank you in advance! it'll be appreciated greatly!
How much is the jacket without sales tax
By the end of the summer Margot has saved $375. Recall that each of the small pieces of wood costs $3. a. Write an equation for the amount of money, y, that Mar
Describe two provisions of the Treaty of Versailles and explain how these provisions would lead to World War II.
Questions 51 & 52... Calculate Displacement & Calculate Velocity
What is the value of the expression. 14.28 ÷0.68?