Finite Math Final Exam

1. Find the interest rate needed for an investment of $4,000 to grow to an amount of $5,000 in 4 yr if interest is compounded continuously. Please round the answer to the nearest hundredth of percent.

A)    5.58 %/yr

B)    B) 5.70 %/yr

C)    6.63 %/yr

D)    5.01 %/yr

E)     5.92 %/yr

Question 1-25