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Assume Sheryl Jenkins wants to accumulate $12,090.30 in two years. She currently has $10,423.20 to invest. What interest rate must she earn on her investment
Assume Sheryl Jenkins wants to accumulate $12,090.30 in two years. She currently has $10,423.20 to invest. What interest rate must she earn on her investment (that is, if she deposits $10,423.20 today) to have $12,090.30 exactly two years from today?(Record your answer as a percent rounded to 1 decimal place; for example, record .527945 = 52.8% as 52.8).
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