$4000 is deposited in an account that pays an apr of 8.4% compounded annually. how long will it take for the balance to reach $120,000?

number of years that it will take for the balance to reach $120,000 is 42 years

Step-by-step explanation:

Initial amount deposited into the account is $4000. This means that the principal is $4000

P = 4000

It was compounded annually. This means that it was compounded once in a year. So

n = 1

The rate at which the principal was compounded is 8.4%. So

r = 8.4/100 = 0.084

Let the number of years that it will take for the balance to reach $120,000. It means that it was compounded for a total of t years.

Amount, A at the end of t years is $120,000

The formula for compound interest is

A = P(1+r/n)^nt

120000 = 4000(1 + 0.084/1)^1×t

120000/4000 = 1.084^t

30 = 1.084^t

t = 42 years

step-by-step explanation:

here's what happens:

1) the graph of f   = x^2 is shifted 2 units to the right.

2) the resulting graph is reflected in the x-axis, so that the parabola now opens down.

3) this final result is transformed up by 5 units.

spinning a 1, 2, or 3. option d.

step-by-step explanation: when spinning a number graph up to 4, and aiming for any number less than 3, that automatically eliminates the number 4. now you have two numbers to spin on that are less than 3, but the number 3 is included in this question because it's no greater of an number than itself. i hope this you : )