You deposit $1100 in an account with 4% annual compound interest. Complete the following, assuming you make no additional deposits or withdrawals. in how many years will the account be growing by $180 per year?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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You deposit $1100 in an acoount with 4% annual compound interest. Complete the following, assuming you make no additional deposits or withdrawals.
My Co
in how many years will the acoount be growing by $180 per year?
Cours
t will be growing by $180 per year in approximately years.
(Round to neareet tenth of a year)
Anno
falen
syllab
Heme
Transcribed Image Text:You deposit $1100 in an acoount with 4% annual compound interest. Complete the following, assuming you make no additional deposits or withdrawals. My Co in how many years will the acoount be growing by $180 per year? Cours t will be growing by $180 per year in approximately years. (Round to neareet tenth of a year) Anno falen syllab Heme
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