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anonymous
 one year ago
FAN AND MEDAL: Please Help
You decide to put $175 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 3% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds?
8.0111 years
96.1332 years
93.2914 years
94.8377 years
anonymous
 one year ago
FAN AND MEDAL: Please Help You decide to put $175 in a savings account to save for a $3,000 down payment on a new car. If the account has an interest rate of 3% per year and is compounded monthly, how long does it take you to earn $3,000 without depositing any additional funds? 8.0111 years 96.1332 years 93.2914 years 94.8377 years

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@Albany_Goon @Afrodiddle @asib1214 @AngusV @Ali0094 @henrry123 @lex.mcgrew @LunyMoony @Legends @batman19991 @Elsa213 @EmilyD22 @misssunshinexxoxo @Keegangrace @Nicoleegilmoree @nincompoop

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@Poppies @shadow13 @samanthagreer @spacemountain

batman19991
 one year ago
Best ResponseYou've already chosen the best response.0umm idk sorry you might want to try mathway.com

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0because $175 * (1.0025)^N = 3000 1.0025^N=17.1429 N(ln1.0025)=ln17.1429) N= 1138 months and 1138 months = 94.8 years

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Can you please help me with one more @Albany_Goon

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0yea open another question
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