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Landon invested $3,200 in an account paying an interest rate of 2.4% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest yea…

Landon invested $3,200 in an account paying an interest rate of 2.4% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest yea…
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Landon invested $3,200 in an account paying an interest rate of 2.4% 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 $4,860?

User Samuel Hulla
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8.5k points

1 Answer

3 votes

Answer:

17 years

Explanation:

User Uba
by
7.9k points
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