How long does it take for a $4,800 investment at 8% compounded monthly to be worth more

Question:

How long does it take for a $4,800 investment at 8% compounded monthly to be worth more than a $5,000 investment at 5% compounded monthly?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: