larrystylinson1D28 larrystylinson1D28

14-03-2021
Mathematics

contestada

An initial investment of $1000 grows at an interest rate of 4% per year. How long will it take that investment to reach $1,500? Assume that you make no further deposits or withdrawals from the investment account. Round to the nearest tenth of a year.

Respuesta :

thefifthmartin thefifthmartin

14-03-2021

Answer:

it would take 12.5 or 12 and a half years

Step-by-step explanation:

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