PLS HELP ASAP ON ALL ASKED QUESTIONS PLS 9. An investment of $15,000 earns 2.5% interest, compounded monthly.a) How much will the investment be worth after 3.5 years?b) How long will it take for the investment to reach $25,000?c) Explain if you feel that this is a good investment to make.

So, the investment will be worth $16,370.1439 after 3.5 years.

Answered: 9. An investment of $15,000 earns 2.5%…

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter2: Exponential, Logarithmic, And Trigonometric Functions

Section2.1: Exponential Functions

Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...

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9. An investment of $15,000 earns 2.5% interest, compounded monthly. a) How much will the investment be worth after 3.5 years? b) How long will it take for the investment to reach $25,000?