15
QuizMath Formula

Banking — Test

Question 15 • Financial Math

A customer invests $⁢30,000 in an account that compounds 4.6% interest monthly. Write an equation and use a graphing calculator to find the time in years, x , it will take for the account to reach $⁢32,885.16 Round to the nearest whole number if necessary.

Answer

Math Formula Answer:

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A customer invests $⁢30,000 in an account that…