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OpenStudy (anonymous):
Use the formula for future value, A = P(1 + rt), to find the missing quantity. A = $8,680; P = $7,000; r = 8%
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OpenStudy (kirbykirby):
\[8680=7000(1+0.08t)\\ \frac{8680}{7000}=1+0.08t\\ 1.24-1=0.08t\\ \frac{0.24}{0.08}=t\]
OpenStudy (anonymous):
thank you
OpenStudy (kirbykirby):
=]
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