Question: Using either logarithms or a graphing calculator, find the time required for $4000 to be at least equal to $18,000 when deposited at 7%
Using either logarithms or a graphing calculator, find the time required for $4000 to be at least equal to $18,000 when deposited at 7% oompounded monthly. years (Round to the nearest tenth of a year.)
Step by Step Solution
3.44 Rating (157 Votes )
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
