How many years (and months) will it take $2 million to grow to $6.00 million with an annual interest rate of 9 percent? (Do not round intermediate calculations. Round "months" to 1 decimal place.)
How many years (and months) will it take $2 million to grow to $6.00 million with an annual interest rate of 9 percent? (Do not round intermediate calculations. Round "months" to 1 decimal place.)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 46E
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![Problem 4-31 Solving for Time (LG4-8)
How many years (and months) will it take $2 million to grow to $6.00 million with an annual interest rate of 9 percent? (Do not
round intermediate calculations. Round "months" to 1 decimal place.)
Period
years
months](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F426fc731-0b52-4405-a639-856c22378bb7%2F917ae717-baa6-4ca9-b9e2-f23ce5650921%2Ft5edq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 4-31 Solving for Time (LG4-8)
How many years (and months) will it take $2 million to grow to $6.00 million with an annual interest rate of 9 percent? (Do not
round intermediate calculations. Round "months" to 1 decimal place.)
Period
years
months
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