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Mathematics, 07.03.2020 05:33, geckos7992
If money is invested for 3 years, with interest compounded annually, the future value of the investment varies directly as the cube of (1 + r), where r is the annual interest rate. If the future value of the investment is $4499.46 when the interest rate is 4%, what rate gives a future value of $4244.83
A) 4%
B) 0.02%
C) 20%
D) 2%
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Answers: 3
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If money is invested for 3 years, with interest compounded annually, the future value of the investm...
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