Question: Fast and clear answer please Joyce invests $3600 and earns interest at a rate of 4.8% per annum compounded monthly. Determine when Joyce's investment will

Fast and clear answer please

Fast and clear answer please Joyce invests $3600
Joyce invests $3600 and earns interest at a rate of 4.8% per annum compounded monthly. Determine when Joyce's investment will reach $4000. Respond to the nearest month and remember to round up to the next compounding period. provided

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!