Question: How long will it take $2,000 to reach $4,600 when it grows at 10 percent per year? (Do not round intermediate calculations. Round months to

How long will it take $2,000 to reach $4,600 when it grows at 10 percent per year? (Do not round intermediate calculations. Round "months" to 1 decimal place.) Answer is complete but not entirely correct. Period 9 years 876.0 X months
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
