Find the number of years required for $3,000.00 to grow to at least $5,597.00 when deposited at 5%, compounded semiannually (2 times a year). Don't forget to adjust your answer to time in years!! Round your answer to two decimal places. Time I years Preview

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Find the number of years required for $3,000.00 to grow to at least $5,597.00 when
deposited at 5%, compounded semiannually (2 times a year). Don't forget to adjust
your answer to time in years!! Round your answer to two decimal places.
Time
I
years
Preview
Transcribed Image Text:Find the number of years required for $3,000.00 to grow to at least $5,597.00 when deposited at 5%, compounded semiannually (2 times a year). Don't forget to adjust your answer to time in years!! Round your answer to two decimal places. Time I years Preview
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