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Use the model A=Pert or A=P(1+nr)nt, where A is the future value of P dollars invested at interest rate r compounded co
Posted: Thu Jul 14, 2022 3:47 pm
by answerhappygod
- Use The Model A Pert Or A P 1 Nr Nt Where A Is The Future Value Of P Dollars Invested At Interest Rate R Compounded Co 1 (22.22 KiB) Viewed 47 times
Use the model A=Pert or A=P(1+nr)nt, where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. $13,000 is invested at 3% interest compounded monthly. How long will it take for the investment to double? Round to the nearest tenth of a year. It will take approximately years for the investment to double.