FIN202_-_FA_2023_-_FE_1026.webp
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FIN202_-_FA_2023_-_FE_1026.webp

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49
(Choose 1 answer)
A. 19%
B. 21%
C. 13%
D. 16%

(20602)Interest rate: Trayne Rice has $3,000 to invest for three years. He wants to receive $5,000 at the end of the three years. What invest rate would his investment have to earn to achieve his goal? (Round to the nearest percent.)


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