Ask a New Question

At what annual nominal rate of interest will $6,900 earn $6,400 interest in five years?

1 answer

9.5

Ask a New Question or answer this question.

Similar Questions

A sum of $850 is invested for 10 years and the interest is compounded quarterly. There is $1100 in the account at the end of 10
1. 1 answer
If the rate of inflation is 5%, what nominal interest rate is necessary for you to earn a 3% real interest rate on your
1. 1 answer
how long will it take to earn $525 in interest if $3500 is invested at 6% annual interest rate ?
1. 2 answers
how long will it take to earn 525$ in interest if $3500 is invested at a 6% annual interest rate?
1. 2 answers

more similar questions