Use the compound interest formula: A=P(1+r/n)nt to find out how many years it would take $10,000.00 to grow to $102,857.
Posted: Thu Jul 14, 2022 4:02 pm
Use the compound interest formula: A=P(1+r/n)nt to find out how many years it would take $10,000.00 to grow to $102,857.18, at an interest rate of 6%, compounded annually. (Give your answer to the nearest tenth.)