9 (Related to Checkpoint 5.5) (Solving for n) How many years...

90.2K

Verified Solution

Question

Finance

9
image
(Related to Checkpoint 5.5) (Solving for n) How many years will it take for $490 to grow to $997 23 if it's invested at 5 percent compounded annually? The number of years it will take for $490 to grow to $997 23 at 5 percent compounded annually is years. (Round to one decimal place)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students