/www.mathxL.com/Student/PlayerHomework.aspxhomeworkld-4481904198questionld 10sfu

Question

/www.mathxL.com/Student/PlayerHomework.aspxhomeworkld-4481904198questionld 10sfushed falseBecld-47008188icent MATH 1180 170 Homework: 3-3 Score: 0 of 1 pt 10of 11 (11 complete) HW Score: 90 91%, 1001 11 p Bus Econ 3.3.47 Use graphical approximation techniques or an oquation solver to approximate the desired interest rate A person makes aneual payments of $1000 intio an or dnary Question Help amuly Al he and of Type the interest rate % he 3 Round to 2 decimal places) Enter your answer in the answer box and then clck Check Answer search

Explanation / Answer

Answer to your question is

The interest rate is 42.3%,

That is $1000 for a period of 5 year will become $5834.78 if complounded at 42.3

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.