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Find the number of years required for $3,000.00 to grow to at least $5,597.00 when deposited at 5%, compounded semiannually (2 times a year). Don't forget to adjust your answer to time in years!! Round your answer to two decimal places. Time I years Preview

Find the number of years required for $3,000.00 to grow to at least $5,597.00 when deposited at 5%, compounded semiannually (2 times a year). Don't forget to adjust your answer to time in years!! Round your answer to two decimal places. Time I years Preview

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the number of years required for $3,000.00 to grow to at least $5,597.00 when deposited at 5%, compounded semiannually (2 times a year). Don't forget to adjust your answer to time in years!! Round your answer to two decimal places. Time I years Preview
Transcribed Image Text:Find the number of years required for $3,000.00 to grow to at least $5,597.00 when deposited at 5%, compounded semiannually (2 times a year). Don't forget to adjust your answer to time in years!! Round your answer to two decimal places. Time I years Preview
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