Koolioo39671 Koolioo39671

21-02-2024
Mathematics

contestada

7. find when an investment of $1500 accumulates to a value of $3750 if the investment earns 8% interest compounded monthly.

Respuesta :

LiPrk4wood LiPrk4wood

21-02-2024

t ≈ 7.83 years

So, it takes approximately 7.83 years for the investment of $1500 to accumulate to a value of $3750 with an interest rate of 8% compounded monthly.

Answer Link

Otras preguntas

round the distance traveled in kilometers to the nearest ten thousand

Write an equation for the line, given that m=5/6 and the y- intercept is (0, 12). A: y=5/6x+12 B:y=12 C: y= 5/6x-12 D: y=12x-5/6

Which statement is not true about cinder cones? They have very steep sides. They often occur in groups. They are usually less than 300 meters high. The

What kind of funding creates part owners or shareholders

6ft to 4yd as a fraction in simplest form

Find the ratio of the area inside the square but outside the circle to the area of the square

Assume similar data for the motion of the blood in your aorta. estimate how many beats of the heart it will it take the blood to get from your heart to your bra

A high school student ran the 100 meter dash in 12.20 seconds. What was the students. Velocity

How did African Americans in the South often help Union forces? A.They fled their plantations for the cities. B.They burned crops and livestock. C.They

which is an example of iambic pentameter