Mathematics, 26.02.2021 18:00, katiebug197

Anthony is going to invest $7,200 and leave it in an account for 16 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a
percent, would be required in order for Anthony to end up with $15,200?

Answers: 3

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Anthony is going to invest $7,200 and leave it in an account for 16 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a percent, would be required in order for Anthony to end up with $15,200?

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Anthony is going to invest $7,200 and leave it in an account for 16 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a
percent, would be required in order for Anthony to end up with $15,200?