document.write( "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? \n" ); document.write( "

Algebra.Com's Answer #556537 by ewatrrr(24785) $\"\"$ $\"About$

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In General $\"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"$
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal =
\n" ); document.write( "r= annual rate = .15
\n" ); document.write( "n= periods per year = 12
\n" ); document.write( " $\"4500%2F2500+=+%281%2B.15%2F12%29%5E%2812t%29\"$
\n" ); document.write( " $\"log%281.8%29%2F12log%281.0125%29\"$ = t
\n" ); document.write( " \n" ); document.write( "

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