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posted by Ash on Monday, July 25, 2011 at 6:42pm.
how long would it take $3,100 to grow to $8,800 if the annual rate is 3.5% and interest is compounded monthly? please help
i = .035/12 = .002916667 solve for n 8800 = 3100(1.002916667)^n use logs
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