Suppose you have $5400 deposited at 3.6% compounded semiannually. About long will it take your balance to increase to $7100? Round value to one decimal place. years

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Suppose you have $5400 deposited at 3.6% compounded semiannually. About long will it take your balance
to increase to $7100? Round value to one decimal place.
years
Transcribed Image Text:Suppose you have $5400 deposited at 3.6% compounded semiannually. About long will it take your balance to increase to $7100? Round value to one decimal place. years
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