OpenStudy (rosales0228):

will give medal and fan!!!! jen wants to save money for the future. jen invests $700 in an account that pays an interest rate of 6.75%

3 years ago
OpenStudy (rosales0228):

@JoannaBlackwelder

3 years ago
OpenStudy (joannablackwelder):

That's good. :) Is there a question?

3 years ago
OpenStudy (joannablackwelder):

hehe

3 years ago
OpenStudy (rosales0228):

how many years will it take for the accountant to reach 16.300$ round to the nearest hundredth

3 years ago
OpenStudy (joannablackwelder):

What kind of interest is it? Continuously compounding?

3 years ago
OpenStudy (joannablackwelder):

I'm guessing that is the case since you aren't giving me info on how often it compounds. The formula is found here: http://cs.selu.edu/~rbyrd/math/continuous/

3 years ago
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