At the end of t years, the future value of an investment of $50,000 at 7%, compounded annually, is given by S = 50,000(1+0.07)'. In how many years will the investment grow to $128,926.71? The investment will grow to $128,926.71 in approximately (Do not round until the final answer. Then round to the nearest whole number as needed.) years.
At the end of t years, the future value of an investment of $50,000 at 7%, compounded annually, is given by S = 50,000(1+0.07)'. In how many years will the investment grow to $128,926.71? The investment will grow to $128,926.71 in approximately (Do not round until the final answer. Then round to the nearest whole number as needed.) years.
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 30RE: The twins Sarah and Scott both opened retirement accounts on their 2lst birthday. Sarah deposits...
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