SOLUTION: Use logarithms to solve the problem. How long will it take $14,000 to grow to $17,000 if the investment earns interest at the rate of 2%/year compounded monthly? (Round your answ

Question 1050608: Use logarithms to solve the problem.
How long will it take $14,000 to grow to $17,000 if the investment earns interest at the rate of 2%/year compounded monthly? (Round your answer to two decimal places.)
Found 2 solutions by addingup, MathTherapy:
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
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Answer by MathTherapy(10551) (Show Source): You can put this solution on YOUR website!

Use logarithms to solve the problem.
How long will it take $14,000 to grow to $17,000 if the investment earns interest at the rate of 2%/year compounded monthly? (Round your answer to two decimal places.)

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