Mathematics, 05.02.2021 08:10 josephjannace12

Dominic is going to invest $2,800 and leave it in an account for 17 years. Assuming the interest is compounded annually, what interest rate, to the nearest tenth of a
percent, would be required in order for Dominic to end up with $4,700?

Answers: 3

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Dominic is going to invest $2,800 and leave it in an account for 17 years. Assuming the interest is...

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Dominic is going to invest $2,800 and leave it in an account for 17 years. Assuming the interest is compounded annually, what interest rate, to the nearest tenth of a percent, would be required in order for Dominic to end up with $4,700?

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Another question on Mathematics

Dominic is going to invest $2,800 and leave it in an account for 17 years. Assuming the interest is compounded annually, what interest rate, to the nearest tenth of a
percent, would be required in order for Dominic to end up with $4,700?