[Solved] (Related to Checkpoint​ 5.5) ​ (Solving for n ​)   How... (2024)

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(Related to Checkpoint​ 5.5) ​ (Solving for n ​)   How...

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Asked by

RaheemahJamal

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(Related to Checkpoint​ 5.5) ​ (Solving for

n​)

  How many years will it take for

​$500

to grow to

​$1,039.50

if​ it's invested at

5

percent compounded​ annually?

Question content area bottom

Part 1

The number of years it will take for

​$500

See Also
How Much of Your Income Should You Invest? - ExperianGot $500 a Month to Invest? Here's How the S&P 500 Could Make You a Millionaire | The Motley Fool5 Ways to Invest $500 - ExperianGot $400 a Month? Here's How to Turn It Into a $3 Million Nest Egg | The Motley Fool

to grow to

​$1,039.50

at

5

percent compounded annually is

enter your response here

years. ​ (Round to one decimal​ place.)

Answer & Explanation

Solved by verified expert

Answered by

shanuairen

on coursehero.com

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[Solved] (Related to Checkpoint​ 5.5) ​ (Solving for n ​)   How... (2024)
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