Register

Brooklyn invested $25,000 in an account paying an interest rate of 6.8% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest …

Brooklyn invested $25,000 in an account paying an interest rate of 6.8% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest …
asked 171k views
12 votes
Brooklyn invested $25,000 in an account paying an interest rate of 6.8% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $65,500 ?

asked
User Badgerspot
by
8.7k points

2 Answers

2 votes

Answer:

14

Explanation:

answered
User John Tor
by
8.3k points
8 votes

Answer:

14.204 years

Explanation:

answered
User Madc
by
8.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!