anonymous
  • anonymous
A loan of $33,000 is made at 8% interest, compounded annually. After how many years will the amount due reach $82,000 or more?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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Vocaloid
  • Vocaloid
total amount of money = (original amount of money)*(1+interest rate)^years
Vocaloid
  • Vocaloid
set total amount of money = 82,000 original amount of money = 33000 interest rate = 0.08 solve for the number of years and round to the nearest whole number
Vocaloid
  • Vocaloid
actually, round up

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