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Kaylee invested $830 in an account paying an interest rate of 6.6% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year,…
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Kaylee invested $830 in an account paying an interest rate of 6.6% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year,…
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Oct 24, 2022
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Kaylee invested $830 in an account paying an interest rate of 6.6% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $1,260?
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Answer:
t≈6
Plug values into
A=P(1+r/n)^nt
Eistrati
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Oct 30, 2022
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