Mathematics, 19.02.2020 23:02 keiolanibrooks

Ron estimates that it will cost $400,000 to send his daughter to a private college in

18 years. He currently has $90,000 to deposit in an account. What simple interest

rate must his account have to reach a balance of $400,000 in 18 years? Round to

the nearest percent.

Answers: 1

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Ron estimates that it will cost $400,000 to send his daughter to a private college in 18 years. He currently has $90,000 to deposit in an account. What simple interest rate must his account have to reach a balance of $400,000 in 18 years? Round to the nearest percent.

Answers

Another question on Mathematics

Ron estimates that it will cost $400,000 to send his daughter to a private college in

18 years. He currently has $90,000 to deposit in an account. What simple interest

rate must his account have to reach a balance of $400,000 in 18 years? Round to

the nearest percent.