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    The Value of an Investment of $3000 Earning 7
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The Value of an Investment of $3000 Earning 7

Question 115

Question 115

Short Answer

The value of an investment of $3000 earning 7.25% compounded yearly is given by A = 3000(1.072 The value of an investment of $3000 earning 7.25% compounded yearly is given by A = 3000(1.072    ,where t is the number of years it has been invested.If the amount of your investment is now $10,000,how long has it been invested?
,where t is the number of years it has been invested.If the amount of your investment is now $10,000,how long has it been invested?

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