At age twenty six , Dick shoemaker desposited 2,000 into an IRA , where it earns 3% compounded monthly . How many years will the investment be worth $6,000.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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At age twenty six , Dick shoemaker desposited 2,000 into an IRA , where it earns 3% compounded monthly . How many years will the investment be worth $6,000. 

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