Mathematics, 17.11.2020 20:50 shelbiec5355
An initial investment of $1000 grows at an interest rate of 4% per year. How long will it take that investment to reach $1,500? Assume that you make no further deposits or withdrawals from the investment account. Round to the nearest tenth of a year.
a. 12.6 years
b. 5.4 years
c. 9.8 years
d. 10.3 years
Answers: 3
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An initial investment of $1000 grows at an interest rate of 4% per year. How long will it take that...
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