Question
Asked Jan 4, 2020
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Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use a 365-day year. (First enter the total number of full years, then give the remaining days.)

$1,000 at 8% simple interest; deposit $650

_______years, ___________days

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Expert Answer

Step 1

Find time (years and days).

Algebra homework question answer, step 1, image 1
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Step 2

Formula:...

Algebra homework question answer, step 2, image 1
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