Question: please answer fast!! How long will it take $2,000 to grow to $10,000 if it is invested at 7% compounded monthly? years (Round to the

please answer fast!!  please answer fast!! How long will it take $2,000 to grow

How long will it take $2,000 to grow to $10,000 if it is invested at 7% compounded monthly? years (Round to the nearest tenth of a year.)

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 Finance Questions!