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Find the time required for $5000 to be equal to $14,000 when deposited at 7% compounded monthly
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Jan 23, 2018
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Find the time required for $5000 to be equal to $14,000 when deposited at 7% compounded monthly
Mathematics
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Frevd
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14.7 years will give you $13,998.33 that should be close enough.
See the attached formula.
GrumpyCrouton
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Jan 26, 2018
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so, about 14 years and 9 months.
Rdoubleui
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Jan 28, 2018
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