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Use the Formula A=P(1+rn)ntA = P(1+\frac{r}n)^{nt} To Find How Long It Takes a $1500 Investment to It

Question 223

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Use the formula A=P(1+rn)ntA = P(1+\frac{r}n)^{nt} to find how long it takes a $1500 investment to earn $300 interest if it is invested at 7.25% interest compounded monthly.

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