Raymond B. answered • 07/30/25
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Math, microeconomics or criminal justice
15000 = e^1.039t
ln15000 = 1.039t
t = ln15000/1.039 = about 9.255 years to earn $1000 interest
Tracie P.
asked • 04/11/19Algebra problem
If $14,000 is put aside in a money market account with interest reinvested monthly at 3.9% , find the time required for the account to earn $1,000
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