Mark plans to invest $2,000 to save up for a small business start-up. He estimates that in 5 years he will need $4500 to start

Question

Mark plans to invest $2,000 to save up for a small business start-up. He estimates that in 5 years he will need $4500 to start the business. Find the interest rate that is necessary if interest is compounded continuously. Setup an equation and solve. Label your answer and round it to one decimal place.

Kunduz · Accepted Answer

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