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mader 3. Solving for interest rate or number of periods a. A local museum wishes to invest $125,000 of endowed funds for 8 years, with
mader 3. Solving for interest rate or number of periods a. A local museum wishes to invest $125,000 of endowed funds for 8 years, with a goal of having $200,000 at the end of that time. At what interest rate, compounded annually, would the museum need to invest the funds to achieve this goal? b. Assume the museum in part a. knows, instead, that it can earn 6.25%, compounded annually, on its endowment of $125,000. How long (in years) will it take the endowment to grow to $200,000
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