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You plan to start your own business and are investing today to grow some seed money. You have 16912 to invest and aim to have 26087 in 9 years. What interest rate must you earn to meet your goal?

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解答

Youplantostartyourownbusinessandareinvestingtodaytogrowsomeseedmoney.Youhave16912toinvestandaimtohave26087in9years.Whatinterestratemustyouearntomeetyourgoal?

解答

Rate:6.02793…%
求解步骤
Translate the problem into an equation:26087=16912(1+r⋅9)
求解 r,26087=16912(1+r⋅9):r=6.02793…%
Rate:6.02793…%

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