Question:

Mark wants to invest $6,500.00 at an interest rate of 7.5%

Last updated: 8/14/2022

Mark wants to invest $6,500.00 at an interest rate of 7.5%

Mark wants to invest $6,500.00 at an interest rate of 7.5% per year, compound daily. How long will it take his investment to grow to $8,000? Use: A (t) = P(1+) ² 1.5 years 2 years 2.7 years 1.3 years