A couple needs $34,746.97 as a down payment for a home. If they invested the $11,000.00 they have at 7% compounded annual, how long will it take for the money to grow into $34,746.97? years. (If needed, round your answer to 1 decimal place.) It will take
A couple needs $34,746.97 as a down payment for a home. If they invested the $11,000.00 they have at 7% compounded annual, how long will it take for the money to grow into $34,746.97? years. (If needed, round your answer to 1 decimal place.) It will take
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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Transcribed Image Text:A couple needs $34,746.97 as a down payment for a home. If they invested the $11,000.00 they have at 7%
compounded annual, how long will it take for the money to grow into $34,746.97?
years. (If needed, round your answer to 1 decimal place.)
It will take
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