Mathematics, 26.05.2021 18:20 hanjonez

You deposit $1,000 in an account that pays 4% annual interest. How long does it take the balance to reach $2,000 when the interest is
compounded monthly. Round to the nearest tenth of a year.

Answers: 3

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More questions: Mathematics Another questions

You deposit $1,000 in an account that pays 4% annual interest. How long does it take the balance to reach $2,000 when the interest is compounded monthly. Round to the nearest tenth of a year.

Answers

Another question on Mathematics

You deposit $1,000 in an account that pays 4% annual interest. How long does it take the balance to reach $2,000 when the interest is
compounded monthly. Round to the nearest tenth of a year.