Calculate the term of a $ 2 4 0 0 investment that matures at $ 3 7

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Question:

Calculate the term of a $

2400

investment that matures at $

3750

at with a nominal rate of

8 %

.

.

Express your answer in years and months

I get the orignial answer for thai formular but dont understand where

0.07696

comes from

In the end calculation

Posted Date: May 18, 2024 08:11 PM

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Calculate the term of a $ 2 4 0 0 investment that matures at $ 3 7

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