SOLUTION: Ms. Dinero wants to invest $2,300 compounded annually for 6 years with a balance of $4,200 at the end of that time period. At what rate would she have to invest her money to achiev
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Question 835128: Ms. Dinero wants to invest $2,300 compounded annually for 6 years with a balance of $4,200 at the end of that time period. At what rate would she have to invest her money to achieve that goal? (Round to the nearest hundreth)
I set up the compound interest formula like this: 4200=2300(1+(x/1))^6 but don't know what to do after I divided each side by 2300. Help please! I can't figure out how to get the variable alone Answer by Fombitz(32388) (Show Source):
