
Carol H. answered 07/11/18
Tutor
4.9
(285)
Masters' Degree in Mathematics with 35 Years of Teaching Experience
A = P(1 + r/n)nt
24,000 = 17,000(1 + .0667/4)4(t)
1.41176 = 1.0166754t
log 1.41176 = log 1.0166754t
log 1.41176 = 4t(log 1.016675)
log 1.41176 = 4t
log 1.016675
21.10828 = 4t
5.277 years = t