document.write( "Question 1147554: if $ 250,000 is to grow $ 700,000 over an 8 year period at what annual rate must it be invested given that interest is compounded quaterly. \n" ); document.write( "

Algebra.Com's Answer #768888 by ikleyn(52915) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "700000 = \r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( " = \r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "2.8 = \r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "ln(2.8) = 32*ln(1 + r/4)\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( " =  = 0.032176\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( " =  = 1.0327\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( " = 0.0327\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "r = 4*0.0327 = 0.1308.      ANSWER.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "Answer.  Annual rate should be about 13%.\r\n" );
document.write( "

\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );