Casey has $1,000 to invest and would like to buy a $3,000 jet-ski in four years. If interest is compounded annually, what interest rate will she have to receive to reach her goal?

A) 300%
B) 16%
C) 32%
D) 3%
E) 7%

C

Business

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Fill in the blank(s) with the appropriate word(s).

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What will be an ideal response?

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