Question: Thong opened a compound interest account. He made an initial deposit of $1,202. The account pays him 4.4% annual interest and is compounded annually. If
Thong opened a compound interest account. He made an initial deposit of $1,202. The account pays him 4.4% annual interest and is compounded annually. If Thong doesn't make any other deposits into this account, how many years will it take for the balance in Thong's account to be $2,000 ? Here is the Balance Function for a compound interest account. B(t)=P(1+nr)nt Round your answer to the nearest tenth of a year. Input only the number. For example: 10.3
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We are given Initial deposit P 1202 Interest rate r 0044 44 ... View full answer
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