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) About Me  (Show Source):
You can put this solution on YOUR website!
In General A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29
A = Accumulated Amount
P= principal =
r= annual rate = .15
n= periods per year = 12
4500%2F2500+=+%281%2B.15%2F12%29%5E%2812t%29
log%281.8%29%2F12log%281.0125%29 = t