katlyn744 katlyn744
  • 17-11-2022
  • Mathematics
contestada

Suppose that $4000 is placed in a savings account at an annual rate of 9%, compounded monthly. Assuming that no
withdrawals are made, how long will it take for the account to grow to $6216?
Do not round any intermediate computations, and round your answer to the nearest hundredth.

_ years

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