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Chase invested $83,000 in an account paying an interest rate of 6.3% compounded monthly. 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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Chase invested $83,000 in an account paying an interest rate of 6.3%

compounded monthly. 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 $134,600?

User Ngplayground
by
5.8k points

2 Answers

4 votes
Answer:145

Because:
User Rafael Mueller
by
6.3k points
0 votes

Answer:145

Step-by-step explanation:1+3400รท64+2/4-65%

User Menzo Wijmenga
by
6.9k points
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