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Math 1130 Autumn 2019
Homework: MML 8
Score: 0 of 1 pt
11 of 14 (11 complete)
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REVIEW: How long will it take $5,000 to grow to $25,000 if it is invested at 5% compounded monthly?
32 years (Round to the nearest tenth of a year.)
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Correct answer: 32.3
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Top Answer

(1) Solution - Compound amount is A = $3250.44 and Compound interest = $750.44... View the full answer

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