(Advanced analysis) Alex wants to have $800 saved up at the end of 10 years. If he deposits $500 today, what annually compounded rate of interest would he have to earn to reach his goal?
A) 4.8 percent
B) 5.2 percent
C) 5.7 percent
D) 6.2 percent

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The Answer of (Advanced analysis) Alex wants to have $800 saved up at the end of 10 years. If he deposits $500 today, what annually compounded rate of interest would he have to earn to reach his goal?
A) 4.8 percent
B) 5.2 percent
C) 5.7 percent
D) 6.2 percent

(Advanced Analysis) Alex Wants to Have $800 Saved Up at the End