Calculate, to the nearest 0.1%, what annual interest rate would be required if you invested $6,000 in Apple stock and ended up with $11,264 when you sold the stock after 9 years Assume that interest was compounded quarterly.

The required annual interest rate is __________%.

Question

Calculate, to the nearest 0.1%, what annual interest rate would be required if you invested $6,000 in Apple stock and ended up with $11,264 when you sold the stock after 9 years  Assume that interest was compounded quarterly.
 
The required annual interest rate is __________%.

Quizplus · Accepted Answer

The Answer of Calculate, to the nearest 0.1%, what annual interest rate would be required if you invested $6,000 in Apple stock and ended up with $11,264 when you sold the stock after 9 years  Assume that interest was compounded quarterly.
 
The required annual interest rate is __________%.

Calculate, to the Nearest 0