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1. Find the time required for an investment of $1000 to grow to $5000 at an interest rate of 8% per year compounded monthly. (round to nearest year)

1. Find the time required for an investment of $1000 to grow to $5000 at an interest rate of 8% per year compounded monthly. (round to nearest year)
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3 votes
1. Find the time required for an investment of $1000 to grow to $5000 at an interest rate of 8%

per year compounded monthly. (round to nearest year)

User Irtaza
by
7.8k points

2 Answers

5 votes

Answer:

62500 is what i got

Explanation:

User Rsp
by
8.3k points
5 votes
Idk what is but $100
User Wlarcheveque
by
8.4k points
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