Rick deposited $2,850 into an account 7 years ago for an emergency fund Rick deposited $2,850...

Question

Question

Rick deposited $2,850 into an account 7 years ago for an emergency fund

Answer 1

Answer #1

Future value = present value*(1+ rate)^time

4160 = 2850*(1+Interest rate/100)^7

Interest rate % = 5.55

Answer 2

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