SOLUTION: How many months will it take until an account will have $4,500 if $2,500 is invested now at 15% interest compounded monthly?
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Question 917118: How many months will it take until an account will have $4,500 if $2,500 is invested now at 15% interest compounded monthly?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount
P= principal =
r= annual rate = .15
n= periods per year = 12
= t
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