Suppose 80,000 is invested into an account where interest is compounded semiannually. After 30 y

Question

Victor Salazar · Answer

Okay, so we have 20 ,531 equal to 55001 plus our rate divided by 12 to the power of 12 times 30.

Donna Densmore · Answer

We have $10 ,000 to invest and we&#x27;re going to have an interest rate of 2%, looks like 2 % per ye

Matthew Wagner · Answer

All right, it says that we have a bank account gaining interest in a nominal annual rate of 4 %

Marcella Sippey · Answer

All right, I believe this is a regular compounding interest problem, so we will need this formul

Tim Thornhill · Answer

This problem says, suppose $6 ,500 is compounded weekly for 10 years. If no other deposits are m

Suppose $80,000 is invested into an account where interest is compounded semiannually. After 30 years the balance is $398,716. What was the interest rate as a percent? Round the answer to the nearest hundredth of a percent. Interest Rate \approx \boxed{} %