Find the rate of interest required to achieve the conditions set forth.
-A = $32,000 P = $8,000
T = 20 years
Compounded quarterly
A) 3.4959%
B) 3.5489%
C) 6.9919%
D) 5.5310%

Question

Quizplus · Accepted Answer

The Answer of Find the rate of interest required to achieve the conditions set forth.
-A = $32,000 P = $8,000
T = 20 years
Compounded quarterly
A) 3.4959%
B) 3.5489%
C) 6.9919%
D) 5.5310%

Find the Rate of Interest Required to Achieve the Conditions