document.write( "Question 1090056: Suppose you have $2,000 to invest. You want it to return $18,000. You put it in an investment that return 7% compounded monthly. How long will it take to return $18,000? \n" ); document.write( "

Algebra.Com's Answer #704496 by MathTherapy(10552) $\"\"$ $\"About$

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Suppose you have $2,000 to invest. You want it to return $18,000. You put it in an investment that return 7% compounded monthly. How long will it take to return $18,000?
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Some of these people in here are RIDICULOUS. I ask every day, \"What are they doing in here?\" Some of these people have ABSOLUTELY no clue whether or not 
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document.write( "their RIDICULOUS answers make any sense at all. I've never heard of $2,000 taking OVER 377 years to return $18,000, or even $20,000, for that matter.\r
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document.write( "For $2,000 to return $18,000, it means that $2,000 (PV) is invested and $20,000 ($2,000 + 18,000) is accumulated in a given time. If so, then
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document.write( "the time it takes a PV of $2,000 to reach $20,000, at 7%, compounded monthly is: .
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document.write( "However, it takes a little less, or  for $2,000 to reach $18,000, at 7%, compounded monthly.
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document.write( "ALL would agree that these answers are a VERY FAR CRY from over 377 years. Good Lord!! \n" );
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