Connor is going to invest $83,000 and leave it in an account for 15 years. Assuming the interest is compounded monthly, what

Question

Connor is going to invest $83,000 and leave it in an account for 15 years. Assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a percent, would be required in order for Connor to end up with $125,000?

Kunduz · Accepted Answer

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