Answered: Find the time required for an…

Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate of 6.8 percent per year, compounded daily. _______________years.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter8: Sequences And Series

Section8.4: Mathematics Of Finance

Problem 9E: Saving How much money should be invested every quarter at 10% per year, compounded quarterly, to...

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Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate of 6.8 percent per year, compounded daily.

_______________years.

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