Asked by Eric
At what interest rate (compounded daily) should you invest if you would like to grow $3,135.66 to $4,237.00 in 39 days?
Answers
Answered by
R_scott
4237.00 = 3135.66 * (1 + r)^39
log(4237.00 / 3135.66) = 39 log(1 + r)
log(4237.00 / 3135.66) = 39 log(1 + r)
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