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0.09) 121 At the end of t years, the future value of an investment of $39,500 in an account that pays 9% compounded monthly is S= 39,500 +1 12 dollars. For what time period (in years) will the future value of the investment be more than S96,828? The investment will be worth more than $96,828 in years. (Type a whole number.)

0.09) 121 At the end of t years, the future value of an investment of $39,500 in an account that pays 9% compounded monthly is S= 39,500 +1 12 dollars. For what time period (in years) will the future value of the investment be more than S96,828? The investment will be worth more than $96,828 in years. (Type a whole number.)

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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12t 0.09 At the end of t years, the future value of an investment of $39,500 in an account that pays 9% compounded monthly is S= 39,5 dollars. For what time period (in years) will the future value of the investment be more than $96,828? 12 The investment will be worth more than $96,828 in years. (Type a whole number.)
Transcribed Image Text:12t 0.09 At the end of t years, the future value of an investment of $39,500 in an account that pays 9% compounded monthly is S= 39,5 dollars. For what time period (in years) will the future value of the investment be more than $96,828? 12 The investment will be worth more than $96,828 in years. (Type a whole number.)
Next questic What lump sum must be invested at 6%, compounded monthly, for the investment to grow to $52,000 in 6 years? The lump sum $ invested at 6%, compounded monthly, grows to $52,000 in 6 years. (Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:Next questic What lump sum must be invested at 6%, compounded monthly, for the investment to grow to $52,000 in 6 years? The lump sum $ invested at 6%, compounded monthly, grows to $52,000 in 6 years. (Do not round until the final answer. Then round to the nearest cent as needed.)
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