Question

Kala needs $8694 for a future project. She can invest $6000 now at an annual rate of 7.2% , compounded monthly. Assuming that no withdrawals are made, how long will it take for her to have enough money for her project? Do not round any intermediate computations, and round your answer to the nearest hundredth.

Name: kala needs 8694 for a future project she can invest 6000 now at an annual rate of 72 compounded monthly assuming that no withdrawals are made how long will it take for her to have enough mon 25225
Uploaded: 2022-03-16T00:09:45-08:00
Duration: 2 min 56 s
Channel: Vishal Parmar
Description: kala needs 8694 for a future project she can invest 6000 now at an annual rate of 72 compounded monthly assuming that no withdrawals are made how long will it take for her to have enough mon 25225

          Kala needs $8694 for a future project. She can invest $6000 now at an annual rate of 7.2%
, compounded monthly. Assuming that no withdrawals are made, how long will it take for her to have enough money for her project? Do not round any intermediate computations, and round your answer to the nearest hundredth.

Added by Kimberly C.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

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Solved by Expert Vishal Parmar

03/16/2022

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Kala needs $8694 for a future project. She can invest $6000 now at an annual rate of 7.2% , compounded monthly. Assuming that no withdrawals are made, how long will it take for her to have enough money for her project? Do not round any intermediate computations, and round your answer to the nearest hundredth.