Discover new perspectives and gain insights with IDNLearn.com. Discover thorough and trustworthy answers from our community of knowledgeable professionals, tailored to meet your specific needs.
Tommaso and Pietro have each been given 3,818 euro to save for college.
Tommaso wants to invest his money in an account such that his investment
will increase to 1.6 times the initial amount in 6 years. Assume the account
pays a nominal annual interest of r % compounded quarterly.
Determine the value of r. Give your answer as a percentage number, not as
a decimal equivalent. Round to two decimal places.
Sagot :
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Your questions deserve precise answers. Thank you for visiting IDNLearn.com, and see you again soon for more helpful information.
