Asked by dave
                At what rate must $500 be compounded for it to grow to 1079.46 in 10 years?
8 percent? i think
            
        8 percent? i think
Answers
                    Answered by
            economyst
            
    correct.
500*(1+r)^10 = 1079.46 -- solve for r.
    
500*(1+r)^10 = 1079.46 -- solve for r.
                                                    There are no AI answers yet. The ability to request AI answers is coming soon!
                                            
                Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.