asked 113k views
1 vote
Easton deposits $ 120 $120 every month into an account earning an annual interest rate of 7.8%, compounded monthly. How many years would it be until Easton had

$ 6 , 000 $6,000 in the account, to the nearest tenth of a year? Use the following formula to determine your answer.

asked
User Batkins
by
8.3k points

1 Answer

4 votes

Answer:

X=3.6

Explanation:

answered
User Sugarme
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.