Question: (Compound value solving for n) How many years will the following take?a. $500 to grow to $1,039.50 if invested at 5 percent compounded annuallyb. $35
(Compound
value solving for
n)
How many years will the following take?a.
$500
to grow to
$1,039.50
if invested at
5
percent compounded annuallyb.
$35
to grow to
$53.87
if invested at
9
percent compounded annuallyc.
$100
to grow to
$298.60
if invested at
20
percent compounded annuallyd.
$53
to grow to
$78.76
if invested at
2
percent compounded annuallya. How many years will it take for
$500
to grow to
$1,039.50
if invested at
5
percent compounded annually?
nothing
years (Round to the nearest whole number.)b. How many years will it take for
$35
to grow to
$53.87
if invested at
9
percent compounded annually?
nothing
years(Round to the nearest whole number.)c. How many years will it take for
$100
to grow to
$298.60
if invested at
20
percent compounded annually?
nothing
years (Round to the nearest whole number.)d. How many years will it take for
$53
to grow to
$78.76
if invested at
2
percent compounded annually?
nothing
years (Round to the nearest whole number.)
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