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How long will it take for an investment of 1700 dollars to grow to 5300 dollars, if the effective rate of interest is 7.8 percent? (Assume compound interest at all times.) Thank you so much

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Exponential And Logarithmic Functions

Section11.CR: Review Problem Set

Problem 56CR

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How long will it take for an investment of 1700 dollars to grow to 5300 dollars, if the effective rate of interest is 7.8 percent? (Assume compound interest at all times.) Thank you so much!

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