Mathematics, 19.10.2020 23:01 bb1593

Jordan invested $97,000 in an account paying an interest rate of 1.6% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to
the nearest year, for the value of the account to reach $109,700?

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Jordan invested $97,000 in an account paying an interest rate of 1.6% compounded monthly. Assuming...