Register
If Emery has $1,400 to invest at 5% per year compounded monthly, how long will it be before he has $2,400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.
201k views
5 votes
If Emery has $1,400 to invest at 5% per year compounded monthly, how long will it be before he has $2,400? If the compounding is

continuous, how long will it be? (Round your answers to three decimal places.)

User LiverpoolOwen
by
4.5k points

1 Answer

1 vote

Answer:

Explanation:

(1400x14.5x5%) + 1400 =2415

Answer: 14.5 months

User Jerome Banks
by
5.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.9m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
how long Will it take for $7000 investment to grow to $7553 and the annual rate of 3.4% compounded quarterly assume that no withdrawals are made
I need to simplify this expression.
Link Copied!