Question: Using either logarithms or a graphing calculator, find the time required for $2000 to be at least equal to $21,000 when deposited at 5%
Using either logarithms or a graphing calculator, find the time required for $2000 to be at least equal to $21,000 when deposited at 5% compounded monthly. years (Round to the nearest tenth of a year.)
Step by Step Solution
3.38 Rating (154 Votes )
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
