Find the amount of time needed for the sinking fund to reach the given accumulated amount. (round your answer to two decimal places.) $295 monthly at 5.2% to accumulate $25,000.

8.82 years.

Step-by-step explanation:

Since, the monthly payment formula is,

Where, PV is the present value of the loan,

r is the rate per month,

n is number of months,

Here,

PV =  $ 25,000,

Annual rate = 5.2 % = 0.052 ⇒ Monthly rate, r =

( 1 year = 12 months )

P = $ 295,

By substituting the values,

By the graphing calculator,

We get,

Hence, the time ( in years ) =

3< x< 5

step-by-step explanation:

|x - 4| < 1

there are two solutions, one positive and one negative.   remember to flip the inequality when taking the negative solution

x-4 < 1       x-4 > -1

add 4 to each side

x-4+4 < 1+4       x-4+4 > -1+4

x< 5                 x> 3

3< x< 5