zdavis286 zdavis286
  • 15-02-2021
  • Mathematics
contestada

Jaxon invested $960 in an account paying an interest rate of 6.1% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $1,720

Respuesta :

lejlabektesevic94 lejlabektesevic94
  • 23-02-2021

Answer: 10 years

Step-by-step explanation:

1720=960(1+0.061/12)

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