Donna deposited $4000 into an account with a 3.6% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment to grow to $6000? Do not round any intermediate computations, and round your answer to the nearest hundredth. If necessary, refer to the list of financial formulas. O years

Donna deposited $4000 into an account with a 3.6% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment to grow to $6000? Do not round any intermediate computations, and round your answer to the nearest hundredth. If necessary, refer to the list of financial formulas. O years

Name: Donna deposited $4000 into an account with a 3.6% annual interest rat
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Description: Donna deposited $4000 into an account with a 3.6% annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it takefor the investment to grow to $6000? Do not round any intermediate computations, and round your a

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...

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