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Chester hopes to eam $1200 in interest in 3 years time from $12,000 that he...

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Accounting

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Chester hopes to eam $1200 in interest in 3 years time from $12,000 that he has awallable to invest. fo decide if its feasible to do this by investing ing an accocint that compounds annually, he needs to determine the annual interest rate such an account wodid have to offer foc him to meet his goal What would the annual rote of interest have to be? Found to two decimal places Answer How to enter your answer (opens in new window)

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