How long will it take for an investment to at least double its original amount if it is growing at 4.75% compounded monthly?
How long will it take for an investment to at least double its original amount if it is growing at 4.75% compounded monthly?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 35PT
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![Question 9 of 14
How long will it take for an investment to at least double its original amount if it is growing at 4.75% compounded
monthly?
years months
Express your answer in years and months, rounded to the next month](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F503e5985-4fe4-4252-b807-7eeb6f044a26%2F35cc8453-f867-4f79-b2a5-f8127c2f15d2%2F2ny5sxp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 9 of 14
How long will it take for an investment to at least double its original amount if it is growing at 4.75% compounded
monthly?
years months
Express your answer in years and months, rounded to the next month
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