Mathematics, 23.04.2021 03:30 madysonrose1007

You deposit $2,500 in an investment account. The rate of growth is 4.55% a year.
If you make no further deposits or
withdrawals, and the investment is allowed
to grow uninhibited, how long will it take for
your investment to reach $5,000? Round to
the nearest tenth.

Answers: 1

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You deposit $2,500 in an investment account. The rate of growth is 4.55% a year. If you make no further deposits or withdrawals, and the investment is allowed to grow uninhibited, how long will it take for your investment to reach $5,000? Round to the nearest tenth.

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Other questions on the subject: Mathematics

Questions in other subjects:

You deposit $2,500 in an investment account. The rate of growth is 4.55% a year.
If you make no further deposits or
withdrawals, and the investment is allowed
to grow uninhibited, how long will it take for
your investment to reach $5,000? Round to
the nearest tenth.