kosiikpeama21 kosiikpeama21

28-07-2022
Mathematics

contestada

If Emery has $1,400 to invest at 5% per year compounded monthly, how long will it be before he has $2,400? If the compounding is
continuous, how long will it be? (Round your answers to three decimal places.)

Respuesta :

cjwilliams796 cjwilliams796

28-07-2022

Answer:

Step-by-step explanation:

(1400x14.5x5%) + 1400 =2415

Answer: 14.5 months

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