Yefim S. answered • 01/20/21
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A = A0(1 + r)t; 42600 = 21300(1 + 0.0632)t; 2 = 1.0632t, t = ln2/ln1.0632 = 11.032 years
Shayleigh S.
asked • 01/20/21Suppose $21,300 is invested in a annually compounded account at 6.32%. Approximately how long will it take for the balance to reach $42,600 ?
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Doug C. answered • 01/20/21
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