An investment of $8500 increases in value by 4.5% every year. How long until the investment reaches about $17,323. Round to the nearest whole year

At an interest rate of 4.5% compounded annually, it will take 16.17 years to reach $17,323.-

Step-by-step explanation:

Giving the following information:

Present Value (PV)= $8,500

Future value (FV)= $17,323

Interest rate (i)= 4.5%

To calculate the time required for the investment to reach the objective, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)  

n= ln(17,323/8,500) / ln(1.045)

n= 16.17 years

At an interest rate of 4.5% compounded annually, it will take 16.17 years to reach $17,323.-

6x = 48

i hope this . 6 cards each and a total of $48. dvide each side by 6 and you will have your answer.

step-by-step explanation:

consider an orange peel: if you want to try and lay it flat, you have to stretch it, we know exactly how things are being stretched or squashed at any given point. we have many different map projections because each has different patterns of some projections can even preserve certain features of the earth without