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