marissa834 marissa834

02-05-2024
Mathematics

Answered

Maria needs $4462 for a future
project. She can invest $3000 now at an annual rate of 9%, compounded monthly. Assuming that no withdrawals are made, how long will it take for her to have enough money for her project?

Do not round any intermediate
computations, and round your
answer to the nearest hundredth.

Answer :

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