Tom hopes to earn 700 in interest in 4 years time from 70

Last updated: 5/24/2023

Tom hopes to earn 700 in interest in 4 years time from 70 000 that he has available to invest To decide if it s feasible to do this by investing in an account that compounds semi annually he needs to determine the annual interest rate such an account would have to offer for him to meet his goal What would the annual rate of interest have to be Round to two decimal places Answer How to enter your answer opens in new window Interest formula Keypad Keyboard Shortcu