dfreeman77
dfreeman77 dfreeman77
  • 18-11-2020
  • Mathematics
contestada

Lucas bought a government savings bond for $1,100. He was told that when the bond can be
cashed in five years that he would get $1444.48. If the interest on the bond is compounded
annually, what is the interest rate on the bond? (Hint: Use graphing function)

Respuesta :

princecedie112606
princecedie112606 princecedie112606
  • 18-11-2020

Answer:

r = -0.0056 --> 5.6%

Step-by-step explanation:

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