At the end of t years, the future value of an investment of $37,500 in an account that pays 9% compounded monthly is S=37,500 1+0.09 ) 12tdollars, For what timeperiod (in years) will the future value of the investment be more than $91,925?12The investment will be worth more than $91,925 inyears.(Type a whole number.)

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0.09 ) 12t At the end of t years, the future value of an investment of $37,500 in an account that pays 9% compounded monthly is S= 37,500 1+ 12 dollars. For what time period (in years) will the future value of the investment be more than $91,925? The investment will be worth more than $91,925 in years. (Type a whole number.)

0.09 ) 12t At the end of t years, the future value of an investment of $37,500 in an account that pays 9% compounded monthly is S= 37,500 1+ 12 dollars. For what time period (in years) will the future value of the investment be more than $91,925? The investment will be worth more than $91,925 in years. (Type a whole number.)

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...

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