How many years (to two decimal places) will it take $5,000 to grow to $7,500 if it

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How many years (to two decimal places) will it take $5,000 to grow to $7,500 if it is invested at 8% com-pounded semiannually? Compounded monthly?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:29 AM

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How many years (to two decimal places) will it take $5,000 to grow to $7,500 if it

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Use the compound interest formula A P1 rm mt A 7500 5000 10082 2t 15 104 2t In15 In10...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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