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OpenStudy (anonymous):
How long would it take $3,500 to grow to $8,900 if the annual rate is 4% and interest in compounded monthly
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OpenStudy (anonymous):
A(t)=P(1+r/n)^nt
OpenStudy (anonymous):
3500(1+.04/12)^12*t
OpenStudy (anonymous):
t=12?
OpenStudy (anonymous):
12 months in a year
OpenStudy (anonymous):
:/ im not getting a answer that i have as a choice and i dont understand cause i have the formula ?
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