markus deposited $4000 into an account with a 5.4% annual interest rate, compounded monthly. how long will it take for the investment to grow to $6000? round your answer to the nearest hundredth of a year.

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04-11-2022
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markus deposited $4000 into an account with a 5.4% annual interest rate, compounded monthly. how long will it take for the investment to grow to $6000? round your answer to the nearest hundredth of a year.

Sagot :

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markus deposited $4000 into an account with a 5.4% annual interest rate, compounded monthly. how long will it take for the investment to grow to $6000? round your answer to the nearest hundredth of a year.

Sagot :

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