How long will it take for your initial investment of $4,775 to reach $7,500 if the money is invested in an account that pays an interest rate of 15% every year?   Your Answer

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 3PT: Drew wants to save 2,500 to go to the nextWorld Cup. To the nearest dollar, how much willhe need to...
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How long will it take for your initial investment of $4,775 to reach $7,500 if the money is invested in an account that pays an interest rate of 15% every year?

 

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