Sung Lee invests $4,000 at age 18. He hopes the investment will be worth $16,000 when he turns 25. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal? Round to the nearest tenth of a percent.
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Sung Lee invests $4,000 at age 18. He hopes the investment will be worth $16,000 when he turns 25. If the interest compounds continuously, ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Mathematics » Sung Lee invests $4,000 at age 18. He hopes the investment will be worth $16,000 when he turns 25. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal? Round to the nearest tenth of a percent.