If I want to invest my money, how long (in years) will it take $6774to earn $1205 interest (simple) at 7%?(Round off your final answer to 2 decimal places and do not put unit ofmeasurement)Round your answer to 2 decimal places.Add your answer

Interest is (I) is $1,205. The principal (P) is $6,774. The interest rate (R) is 7%.

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If I want to invest my money, how long (in years) will it take $6774 to earn $1205 interest (simple) at 7%?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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