SOLUTION: Find how long it takes for $900 to double if it is invested at 4% interest compounded monthly
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Question 1105208: Find how long it takes for $900 to double if it is invested at 4% interest compounded monthly
Answer by josgarithmetic(39617) (Show Source): You can put this solution on YOUR website!
, x is in months
, but this will need to be a full 209 months.
Compound is for each full month.
, MONTHS.
17 years and 5 months
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