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A person invests 1000 dollars in a bank. The bank pays 5.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2900 dollars?

Sagot :

SilentBoy201074

Answer:

1.53 year's = 18.4 months

sughrakareem5

Answer:

1.53 years = 18.4 months

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