SOLUTION: You want to buy a new car in four years which will cost you $64000. If you have $50000 in your bank account now, how much is nominal interest rate (compounded annually) to reach yo
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: You want to buy a new car in four years which will cost you $64000. If you have $50000 in your bank account now, how much is nominal interest rate (compounded annually) to reach yo
Log On
Question 1121082: You want to buy a new car in four years which will cost you $64000. If you have $50000 in your bank account now, how much is nominal interest rate (compounded annually) to reach your goal?
how is the answer 6.37%? Answer by greenestamps(13198) (Show Source):
