An investment appreciates 2% per year. Originally $5000 is invested. After how many years to one decimal place will an investment of $5000 be worth less than $8000? 25.6 years 26.6 years 20.9 years 23.7 years

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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An investment appreciates 2% per year. Originally $5000 is invested. After how
many years to one decimal place will an investment of $5000 be worth less than
$8000?
25.6 years
26.6 years
20.9 years
O23.7 years
Transcribed Image Text:An investment appreciates 2% per year. Originally $5000 is invested. After how many years to one decimal place will an investment of $5000 be worth less than $8000? 25.6 years 26.6 years 20.9 years O23.7 years
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