If you invest $1,200 into an account with an interest rate of 8%, compounded monthly, about how long would it take for the account to be worth $12,000?

n= 346.37 months

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,200

Number of periods (n)= ?

Interest rate (i)= 0.08 / 12= 0.00667

Future Value (FV)= $12,000

To calculate the number of months required to reach the objective, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)  

n= ln(12,000 / 1,200) / ln(1.00667)

n= 346.37 months

In years:

346.37/12= 28.86 years

there are 70 more legs than eyes at the dog show (196 – 126 = 70). dogs have two more legs than eyes, and humans have the same number of legs as eyes. thus 70 is twice the number of dogs at the show, so the number of dogs is half of 70, which is 35. to get the number of humans, subtract 35 from 63: 63 – 35 = 28.

step-by-step explanation: