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Posted on Sep 09, 2024

Brian Simon wishes to invest $ 2 2 , 0 0 0 on July 1 , 2 0 2 2 , and have it accumulate

Brian Simon wishes to invest $

22, 000

on July

1, 2022,

and have it accumulate to $

54, 000

by July

1, 2032 .

Use a financial calculator to determine at what exact annual rate of interest Brian must invest the $

22, 000 . (

Round answer to

2

decimal places, e

.

. 25.25 % .)

Annual rate of interest

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