Question
How many years will the following take? a. $510 to grow to $1,202.55 if invested at 10 percent compounded annually b. $32 to grow to
How many years will the following take?
a. $510 to grow to $1,202.55 if invested at 10 percent compounded annually
b. $32 to grow to $54.98 if invested at 7 percent compounded annually
c. $105 to grow to $455.12 if invested at 13 percent compounded annually
d. $52 to grow to $65.80 if invested at 4 percent compounded annually
a. How many years will it take for $510 to grow to $1,202.55 if invested at 10 percent compounded annually?
_____ years. (Round to the nearest whole number.)
b. How many years will it take for $32 to grow to $54.98 if invested at 7 percent compounded annually?
_____ years. (Round to the nearest whole number.)
c. How many years will it take for $105 to grow to $455.12 if invested at 13 percent compounded annually?
_____ years. (Round to the nearest whole number.)
d. How many years will it take for $52 to grow to $65.80 if invested at 4 percent compounded annually?
_____ years. (Round to the nearest whole number.)
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