Mathematics, 17.10.2021 02:40, alyviariggins
Suppose that in the year 1625, $32 was invested at a 5% compound interest rate, compounded semiannually. In what year did the balance reach $1000? Use formula A=P(1+r/n)^nt, a calculator, and trial and error to find the smallest value of t for which A is at least $1000.
Answers: 2
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Suppose that in the year 1625, $32 was invested at a 5% compound interest rate, compounded semiannua...
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