Michael harper has 3000 to invest for three years he wants


Michael Harper has $3,000 to invest for three years. He wants to receive $5,000 at the end of the three years. What invest rate would his investment have to earn to achieve his goal? (Round to the nearest percent.)

A. 21%

B.19%

C.16%

D.13%

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Financial Management: Michael harper has 3000 to invest for three years he wants
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