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Dylan invested $47,000 in an account paying an interest rate of 4% compounded annually. 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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5 votes
Dylan invested $47,000 in an account paying an interest rate of 4% compounded

annually. 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 $79,200?

User Cyberbudy
by
7.7k points

2 Answers

9 votes

Answer:

13.3

Explanation:

I got it right

User Phyliss
by
8.2k points
0 votes

Answer:

13.3

Explanation:

User Wilner
by
8.0k points
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