229k views
3 votes
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?

User Shane N
by
7.9k points

1 Answer

3 votes

Answer:

t≈6

Plug values into A=P(1+r/n)^nt

User Eistrati
by
7.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories