Naomi's parents want to have $50,000 saved for her college education. if they invest $20,000 today and earn 7% interest compounded annually, about how long will it take them to save the $50,000?

13.543 years ( approx )

Step-by-step explanation:

Here, the principal amount = 20,000

Annual rate of interest = 7 %

Let the amount will be $ 50,000 after t years,

The total compounded amount after t years = $ 50000

By taking log on both sides,

this may not be at all, but i use the same website you're using for school, and if i'm stuck doing one of these i try to look for it on the section.

i believe that the slope of the line is -5

step-by-step explanation: