How long will it take [tex]$3,000 to grow to $[/tex]21,000 if it is invested at 7% compounded monthly? years (Round to the nearest tenth of a year.)

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06-06-2024
Mathematics

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How long will it take [tex]$3,000 to grow to $[/tex]21,000 if it is invested at 7% compounded monthly? years (Round to the nearest tenth of a year.)

Sagot :

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How long will it take [tex]$3,000 to grow to $[/tex]21,000 if it is invested at 7% compounded monthly? years (Round to the nearest tenth of a year.)

Sagot :

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