A loan of $37,000 is made at 5.75% interest, compounded annually. After how many years will the amount due reach $75,000 or more? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. 0 years ?
A loan of $37,000 is made at 5.75% interest, compounded annually. After how many years will the amount due reach $75,000 or more? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. 0 years ?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text:A loan of $37,000 is made at 5.75% interest, compounded annually. After how many years will the amount due reach $75,000 or more? (Use the calculator
provided if necessary.)
局
Write the smallest possible whole number answer.
0x years
?
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