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OpenStudy (rosales0228):
will give medal and fan!!!! jen wants to save money for the future. jen invests $700 in an account that pays an interest rate of 6.75%
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OpenStudy (rosales0228):
@JoannaBlackwelder
OpenStudy (joannablackwelder):
That's good. :) Is there a question?
OpenStudy (joannablackwelder):
hehe
OpenStudy (rosales0228):
how many years will it take for the accountant to reach 16.300$ round to the nearest hundredth
OpenStudy (joannablackwelder):
What kind of interest is it? Continuously compounding?
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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/
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