Question: Using either logarithms or a graphingcalculator, find the time required for the initial amount to be at least equal to the final amount. $7400, deposited
Using either logarithms or a graphingcalculator, find the time required for the initial amount to be at least equal to the final amount.
$7400, deposited at 3.6 % compounded monthly, to reach at least $9200.
The time required is ___ year(s) and _____ months.
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