12t At the end of t years, the future value of an investment of $10,000 in an account that pays 9% APR compounded monthly is S = 10,000 1+ additional deposits, how long will it take for the investment to amount to $30,000? 0.09 12 dollars. Assuming no withdrawals or The investment will grow to $30,000 in ☐ years. (Do not round until the final answer. Then round to two decimal places as needed.)
12t At the end of t years, the future value of an investment of $10,000 in an account that pays 9% APR compounded monthly is S = 10,000 1+ additional deposits, how long will it take for the investment to amount to $30,000? 0.09 12 dollars. Assuming no withdrawals or The investment will grow to $30,000 in ☐ years. (Do not round until the final answer. Then round to two decimal places as needed.)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Transcribed Image Text:12t
At the end of t years, the future value of an investment of $10,000 in an account that pays 9% APR compounded monthly is S = 10,000 1+
additional deposits, how long will it take for the investment to amount to $30,000?
0.09
12
dollars. Assuming no withdrawals or
The investment will grow to $30,000 in ☐ years.
(Do not round until the final answer. Then round to two decimal places as needed.)
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