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13 January, 16:21

Derek invested 1,500 into an account that pays 9% intrest compounded monthly. How long must the money be left in the account for it to grow 2,147.11?

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  1. 13 January, 16:44
    0
    Y=1500 (1.0075) ^12t

    =4 yrs calc
  2. 13 January, 16:45
    0
    4.79 Months, each month he gains 135 dollars so I subtracted the difference then divided by 135
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