Find the Rate of Interest Required to Achieve the Conditions

question 35

Multiple Choice

Find the rate of interest required to achieve the conditions set forth.
-A = $32,000 P = $8,000
T = 20 years
Compounded quarterly

• A) 3.4959%
• B) 3.5489%
• C) 6.9919%
• D) 5.5310%

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