SOLUTION: You invest $1,300 in an account with an annual interest rate of 2.5%, compounded monthly. How much money is in the account after 5 years? Round your answer to the nearest whole num

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: You invest $1,300 in an account with an annual interest rate of 2.5%, compounded monthly. How much money is in the account after 5 years? Round your answer to the nearest whole num      Log On


   

Question 750903: You invest $1,300 in an account with an annual interest rate of 2.5%, compounded monthly. How much money is in the account after 5 years? Round your answer to the nearest whole number.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
(1/2)ln(x-3)-ln(x+2)
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= ln(x-3)^(1/2) - ln(x+2)
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= ln[(x-3)^(1/2)/(x+2)]
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cheers,
Stan H.
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