A Company Is Creating a Fund Today by Depositing $65,763

question 45

Short Answer

A company is creating a fund today by depositing $65,763. The fund will grow to $90,000 after 8 years. What annual interest rate is the company earning on the fund?

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Definitions:

Hygienic Practices

Activities and habits that promote health through cleanliness, such as regular handwashing, to prevent the spread of diseases.

Water In The Home

The availability and use of water within residential settings for purposes such as drinking, cooking, cleaning, and hygiene.

Hearing Aid

A device designed to improve hearing by making sound audible to a person with hearing loss.

Canal Portion

A segment of a canal, which can refer to either natural waterways or anatomical passages in the body.