A loan of $37,000 is made at 5.75% interest, compounded annually. After how many years will the amount due reach $75,000 or more? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. 0 years ?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
icon
Related questions
Question
A loan of $37,000 is made at 5.75% interest, compounded annually. After how many years will the amount due reach $75,000 or more? (Use the calculator
provided if necessary.)
局
Write the smallest possible whole number answer.
0x years
?
Submit Assignment
© 2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility
► 11
▶▶
F10
:0:
Continue
FI
#
80
$
%
MacBook Air
.***.
&
F7
*
F8
(
Transcribed Image Text:A loan of $37,000 is made at 5.75% interest, compounded annually. After how many years will the amount due reach $75,000 or more? (Use the calculator provided if necessary.) 局 Write the smallest possible whole number answer. 0x years ? Submit Assignment © 2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility ► 11 ▶▶ F10 :0: Continue FI # 80 $ % MacBook Air .***. & F7 * F8 (
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning