document.write( "Question 1139016: If Liera deposiTS five thousand pesos into an account paying six percent annual interest compounded monthly, how long until there is P8000 in the account? \n" ); document.write( "

Algebra.Com's Answer #756814 by ikleyn(52803) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "8000 = ,\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "where n is the number of months.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( " = \r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( " = \r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( " = \r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "n =  = 94.2.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "ANSWER.  95 months, or about 8 years.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "CHECK.    = 8030.56.   ! Correct !\r\n" );
document.write( "

\r
\n" ); document.write( "\n" ); document.write( "Solved.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );