Blake is going to invest $34,000 and leave it in an account for 9 years. Assuming the interest is compounded annually, what

Question

Blake is going to invest $34,000 and leave it in an account for 9 years. Assuming the interest is compounded annually, what interest rate, to the nearest tenth of a percent, would be required in order for Blake to end up with $50,000?

Kunduz · Accepted Answer

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