Mathematics, 28.11.2021 23:20 sampurple123

If an amount of $25,000 is deposited into a saving account at an interest rate 4%, compounded semi-annually, how long will it take to accumulate on this account $28,500? The function describing your balance is M(n) =25,000(1+0.04/2)^2n, where n is time in years. Round up your answer to the next period.

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If an amount of $25,000 is deposited into a saving account at an interest rate 4%, compounded semi-a...