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Question
Find the time required, to the nearest 0.1 year, for the investment to reach the desired goal. $2,000 invested at 6.75%, compounded daily; goal:$3,000.
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 3An investment of ,
with interest compounded times a year at a yearly rate ,
after years accumulates to the amount
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