Question: Compound value solving for n) How many years will the following take?a. $510 to grow to $1,093.23 if invested at 10 percent compounded annuallyb. $38
Compound
value solving for
n)
How many years will the following take?a.
$510
to grow to
$1,093.23
if invested at
10
percent compounded annuallyb.
$38
to grow to
$60.30
if invested at
8
percent compounded annuallyc.
$110
to grow to
$421.94
if invested at
13
percent compounded annuallyd.
$51
to grow to
$64.39
if invested at
6
percent compounded annually
a. How many years will it take for
$510
to grow to
$1,093.23
if invested at
10
percent compounded annually?
nothing
years (Round to the nearest whole number.)b. How many years will it take for
$38
to grow to
$60.30
if invested at
8
percent compounded annually?
nothing
years(Round to the nearest whole number.)c. How many years will it take for
$110
to grow to
$421.94
if invested at
13
percent compounded annually?
nothing
years (Round to the nearest whole number.)d. How many years will it take for
$51
to grow to
$64.39
if invested at
6
percent compounded annually?
nothing
years (Round to the nearest whole number.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
