christinabock1 christinabock1

22-04-2018
Mathematics

contestada

You invest $6.500 into a mutual fund that is expected to earn 6% per year. How long will it take the fund to earn $13,000?

Respuesta :

22-04-2018

y= $6.500(1.06)^x

13000= $6.500(1.06)^x
2000=(1.06)^x

log 2000 = x log 1.06
x= log 2000/ log 1.06
130 years

Answer Link

Otras preguntas

Simplify. Identify any x-values for which the expression is undefined. 4x^6/2x-6

What do I do here ?? I don't know how to solve this?

Math question. Please half thank yew c:

"I was a shipwreck as I was getting ready for that presentation." Which poetic device is used here A.alliteration B.persona C.metaphor D.simile

The material wealth gap in the United States increased from the 1970s to the 2000 due to ,other factors

Which of the following best describes General Sherman's March to the Sea during the Civil War?

Which quotation from the Federalist Papers4 is most clearly a response to the Anti-Federalist argument that the ConstA. It ought also to be remembered that the

Why is Nestor a less-than-perfect host?

This is one factor that contributed to the fall of the Roman Empire. A:It was defeated by Greece during the Pyrrhic War. B:Its territory was too vast to defend.

Katsushika Hokusai, in his woodcut “The Great Wave off Shore at Kanagawa,” simplified and ordered the visual elements in the work to create ______