An investment of $15,000 grows to $18,000 earning interest at the rate of 6%/year compounded monthly....

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An investment of $15,000 grows to $18,000 earning interest at the rate of 6%/year compounded monthly. = P(1 Examine the information above and state each of the following values as they relate to the compound interest formula, A = P( 1 + m) mt. (Determine the values of A and P in dollars.) A = $ P $ m = r How long (in years) will it take for the investment to grow as described? (Round your answer to one decimal place.) yr An investment of $15,000 grows to $18,000 earning interest at the rate of 6%/year compounded monthly. = P(1 Examine the information above and state each of the following values as they relate to the compound interest formula, A = P( 1 + m) mt. (Determine the values of A and P in dollars.) A = $ P $ m = r How long (in years) will it take for the investment to grow as described? (Round your answer to one decimal place.) yr