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larr, { : [ T i m e ] $ 2 4 , 0 0 l o d a y Misty needs to have $

larr,{:[Time]$24,00loday Misty needs to have $24,000 in 6 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump sum today and leave the money untouched for 6 years untis it grows to investment return she will need to eam to reach her goal. Use your calculator or spreadsheet to figure out the approximate annually compounded rate of retum needed if she can invest $16,300 c.s(Round to two decimal places )
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