DavidZ7162 DavidZ7162
  • 03-12-2021
  • Business
contestada

Jack invests $6,000 at age 28. He hopes the investment will be worth $300,000 when he turns 60. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal? Round to the nearest tenth of a percent.

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gavinrayellis
gavinrayellis gavinrayellis
  • 03-12-2021

Answer: 12.12 percent

Explanation:

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mpalos006768 mpalos006768
  • 13-12-2021

Answer:

12.2%

Explanation:

Answer Link

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