anonymous
  • anonymous
Keisha's parents want to save twenty-five thousand dollars in her college savings account over the next twenty years. They have ten thousand dollars to use as an initial deposit. What simple annual interest rate do they need to meet their goal? Round your answer to the nearest tenth. Answer four point five percent seven point five percent five percent twelve point five percent
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
I=Prt If they want to have $25,000, they need to have earned $15,000 in interest. 15000=10000r(20) 15000=200000r r=15000/200000=0.075 or 7.5%
anonymous
  • anonymous
thank you
anonymous
  • anonymous
no problem

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