At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years? - 3697

Solution Posted by
UoPExpert

UoPExpert

Rating : (2)F
Solution Detail
Price: $1.30
  • From: ,
  • Posted on: Mon 26 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years? 

A. 

8% 

B. 

7%

C. 

6%

D. 

5%

 

Solution Description

22) At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?