Mathematics, 05.04.2021 16:20 jabriskie5668

Melanie is going to invest $45,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest
hundredth of a percent, would be required in order for Melanie to end up with
$142,000?

Answers: 1

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More questions: Mathematics Another questions

Melanie is going to invest $45,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest hundredth of a percent, would be required in order for Melanie to end up with $142,000?

Answers

Another question on Mathematics

Melanie is going to invest $45,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest
hundredth of a percent, would be required in order for Melanie to end up with
$142,000?