An investment of $50,000 is made in an account that compounds interest quarterly. After 4 years, the balance in the account is $71,381.07. What is the annual interest rate for this account?
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An investment of $50,000 is made in an account that compounds interest quarterly. After 4 years, the balance in the account is $71,381.07. ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » An investment of $50,000 is made in an account that compounds interest quarterly. After 4 years, the balance in the account is $71,381.07. What is the annual interest rate for this account?