Question: Finding the time in a word problem on compound interest Espa Suppose that $4000 is placed in a savings account at an annual rate of

Finding the time in a word problem on compound interest Espa Suppose that $4000 is placed in a savings account at an annual rate of 3%, compounded monthly. Assuming that no withdrawals are made, how long will it take for the account to grow to $4740? Do not round any intermediate computations, and round your answer to the nearest hundredth. Iyears X

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