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)

asked Jan 23, 2021 77.9k views

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)

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5 votes

Answer:

62500 is what i got

Explanation:

Rsp answered Jan 25, 2021

by Rsp

4.6k points

5 votes

Idk what is but $100

Wlarcheveque answered Jan 29, 2021

4.9k points

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