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please help Sophia invested $13,480 into an account that earns 3.34% interest compounded monthly. How long will it take (in years and days) to accumulate
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Sophia invested $13,480 into an account that earns 3.34% interest compounded monthly. How long will it take (in years and days) to accumulate to $19,750. Round up the value of N to the next higher whole number (e.g. N = 5.31 rounds up to N = 6), similarly days are rounded up to the next days. If years is a whole number, you must enter a zero for days for the answer to be marked as correct. All answer boxes must have an entry! P/Y - C/Y = N = I/Y = PV = $ PMT - $ FV - $ Years = Days - In how many years will $25,000 have an accumulated value of $30,257.30 if interest is 3% compounded monthly? Round the value of N to the higher whole number (e.g. if N = 2.13 it becomes N = 3), and Years to two decimal places if necessary. P/Y = C/Y - N = I/Y = % PV = $ PMT = $ FV = $ Years = Step by Step Solution
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