Question
Find the number of years required for $5,000.00 to grow to at least $10,616.00 when deposited at 3%, compounded semiannually (2 times a year).
Find the number of years required for $5,000.00 to grow to at least $10,616.00 when deposited at 3%, compounded semiannually (2 times a year). Don't forget to adjust your answer to time in years!! Round your answer to two decimal places.
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Precalculus
Authors: Michael Sullivan
9th edition
321716835, 321716833, 978-0321716835
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