How many months will it take for an investment of $1000 to grow to be worth $1072.44

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How many months will it take for an investment of $1000 to grow to be worth $1072.44 at 3% compounded monthly?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:41 AM

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How many months will it take for an investment of $1000 to grow to be worth $1072.44

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It will take 28 months or 2 years 4 months for ...View the full answer

Fundamentals Of Business Mathematics In Canada

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