Short Answer
How long will it take $4,000 to grow to $7,500 if the investment earns interest at the rate of 15% / year compounded monthly? Round your answer to the nearest tenth.
__________ year(s)
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q42: Three hundred students attended the dedication ceremony
Q43: Phosphorus 32 has a half-life of 14.2
Q44: The length (in centimeters) of a typical
Q45: A certain piece of machinery was purchased
Q46: Find an equation of the tangent line
Q48: For children between the ages of 5
Q49: Find the effective rate corresponding to the
Q50: The growth rate of the bacterium, a
Q51: Find the derivative of the function. <img
Q52: Use the curve-sketching guideline, to select the