You deposit $2000 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 $150 per year? years. It will be growing by $150 per year in approximately (Round to nearest tenth of a year.)
You deposit $2000 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 $150 per year? years. It will be growing by $150 per year in approximately (Round to nearest tenth of a year.)
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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Transcribed Image Text:You deposit $2000 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 $150 per year?
years.
It will be growing by $150 per year in approximately
(Round to nearest tenth of a year.)
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