Using either logarithms or a graphing calculator, fnd the time  required for each initial amount to be at least equal to the fnal  amount. $4500, deposited at 3.6% compounded monthly, to reach at  least $11,000

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 8CE
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Using either logarithms or a graphing calculator, fnd the time 
required for each initial amount to be at least equal to the fnal 
amount.

$4500, deposited at 3.6% compounded monthly, to reach at 
least $11,000

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