anyahpapaya anyahpapaya
  • 08-04-2022
  • Mathematics
contestada

A person invest $8800 in an account at 7% interest compounded annually. When will the value of the investment be 13,200? (Type an integer or decimal rounded two decimal places as needed)

Respuesta :

durua2
durua2 durua2
  • 08-04-2022

Answer:

21.43

Step-by-step explanation:

Turn 7 percent to a decimal: 0.07

8800 × 0.07 = 616

13,200÷616=21.4285 etc

Round two decimal places

21.43

Answer Link

Otras preguntas

A girl is snorkeling 1meter below sea level and then dives down another 0.5 meters. How far below sea level is the girl?
Simplify 5(MN + 1) - 5.
What is 2.2 as an improper fraction
Soccer is the most popular sport in the United States. T f
The Oxford English Dictionary (OED) is a good place to check the history, or etymology, of a word. a. True b. False
What business group sent the Englishmen to Virginia in 1607?
Do you think federal judges should be appointed for life? Why or why not?
8. which statement best explains why compounds have different properties than the elements that form them?
3x+7=x - 15 i dont know how to solve it the answer is -11 but i dont know how to get to that
A demographic tool used to predict a population's future growth is Choose one answer. a. a hairline growth curve. b. demographic transition. c. age structures