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Harper invested $72,000 in an account paying an interest rate of 2% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value
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Harper invested $72,000 in an account paying an interest rate of 2% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $82,600?

User Dennan Hogue
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2 Answers

12 votes

Answer:

6.9 :)

Explanation:

User Avli
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3 votes

Answer:

6.9

Explanation:

User Louis Barranqueiro
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3.3k points
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