Wednesday

March 4, 2015

March 4, 2015

Posted by **yeah** on Saturday, April 30, 2011 at 1:47pm.

- math -
**bobpursley**, Saturday, April 30, 2011 at 1:48pmand what is your thinking?

- math -
**Reiny**, Saturday, April 30, 2011 at 1:54pm3000(1.031^n - 1)/.031 = 130000

1.031^n - 1 = 1.3743333

1.031^n = 2.3743333

n log 1.031 = log 2.3743333

n = 28.32 half-years or appr. 14 years

**Answer this Question**

**Related Questions**

math - If $3000 is deposited at the end of each half year in an account that ...

Math - Lee Holmes deposited $15,000 in a new savings account at 9% interest ...

MATH HOMEWORK HELP PLEASE ANSWER - Lee Holmes deposited $15,000 in a new savings...

math - Jacob Fonda deposited $25,000 in a savings account at 10% interest ...

Business Math - Shelley Katz deposited $30,000 in a savings account at 5% ...

math - Jacob Fonda deposited $25,000 in a savings account at 10% interest ...

Business Math - Lee Holmes deposited $ 15,000 in a new savings account at 9% ...

Math - Lee Holmes deposited $16,600 in a new savings account at 9% interest ...

math - Jane needs $30,000 to buy another car in eight years. How much should she...

math - What is the size of the payments that must be deposited at the beginning ...