Asked by lg
How many years will be needed for 3000 to grow to 5000 at 4.5% compounded monthly
Answers
Answered by
Steve
5000 = 3000(1 + .045/12)^m
solve for m to get the number of months
did you get 136.5?
How many years is that?
solve for m to get the number of months
did you get 136.5?
How many years is that?
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