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If $15, 650 is invested at 7% compounded monthly, then how long will it nt take for the investment to grow to $63, 450.Hint: A = P(1 + 7 ) ™² n

If $15, 650 is invested at 7% compounded monthly, then how long will it nt take for the investment to grow to $63, 450.Hint: A = P(1 + 7 ) ™² n

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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4. . If $15, 650 is invested at 7% compounded monthly, then how long will it take for the investment to grow to $63, 450.Hint: A = P(1 + nt n I
Transcribed Image Text:4. . If $15, 650 is invested at 7% compounded monthly, then how long will it take for the investment to grow to $63, 450.Hint: A = P(1 + nt n I
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