Mathematics, 11.02.2020 19:48 lbelle

11. Odessa deposited $1,347.80 into a savings account with an interest rate of 3.3% compounded monthly. About how long will it take for the account to be worth $5,000? (3 points)
25 years, 5 months
9 years, 5 months
40 years, 5 months
39 years, 10 months

Answers: 1

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11. Odessa deposited $1,347.80 into a savings account with an interest rate of 3.3% compounded month...

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11. Odessa deposited $1,347.80 into a savings account with an interest rate of 3.3% compounded monthly. About how long will it take for the account to be worth $5,000? (3 points) 25 years, 5 months 9 years, 5 months 40 years, 5 months 39 years, 10 months

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Another question on Mathematics

11. Odessa deposited $1,347.80 into a savings account with an interest rate of 3.3% compounded monthly. About how long will it take for the account to be worth $5,000? (3 points)
25 years, 5 months
9 years, 5 months
40 years, 5 months
39 years, 10 months