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
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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