Saturday
January 31, 2015

Homework Help: precalc

Posted by charlotte on Friday, August 23, 2013 at 12:27pm.

A $5000 investment earns 7.2% annual interest, and an $8000 investment earns 5.4%, both compounded annually. How long will it take for the smaller investment to catch up to the larger one?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

college algebra - An investment initially worth $5300 earns 7.7% annual interest...
math - How long will it take for an investment of $13,000 to double if the ...
Math - A Registered Education Savings Plan (RESP) earns interest at a rate of 5...
Math - 1. The population,P, in thousands, of a country is P=10^8(1.5)^t/20 where...
Maths B - Kate is thinking about investing $45000 for 5 years. She deposits her ...
math help plz! - When Cody's son was born, he put $4,500 in an investment that ...
Math! plz help! - When Cody's son was born, he put $4,500 in an investment that ...
Trigonometry - The value V, of a $100,000 investment that earns 3% annual ...
How long will it take the investment to double? - $3,600 is invested in an ...
math - marcia has $220,000 saved for her retirement. How long will it take for ...

Members