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.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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...
icon
Related questions
Question
V
MI
* 00
sng
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
years.
(Do not round until the final answer. Then round to the nearest whole number as needed.)
Enter your answer in the answer box and then click Check Answer.
All parts showing
Clear All
Check Answer
Copyright O 2021 Pearson Education Inc. All rights reserved. | Terms oT Use | Privacy Policy T Permissionns ContacL
Te to search
查。
F8
F10
F11
F12
-D
6
&
%23
%24
5.
9.
3.
4.
G
B.
Transcribed Image Text:V MI * 00 sng 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 years. (Do not round until the final answer. Then round to the nearest whole number as needed.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer Copyright O 2021 Pearson Education Inc. All rights reserved. | Terms oT Use | Privacy Policy T Permissionns ContacL Te to search 查。 F8 F10 F11 F12 -D 6 & %23 %24 5. 9. 3. 4. G B.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Transcendental Expression
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning