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26-03-2021
Mathematics

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You are investing $6500 in an account that compound semi annually at a rate of 8.2%. How long will it take to make $13,000?(round your answers to the nearest whole number)

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FulcrumAhsoka FulcrumAhsoka

26-03-2021

Answer:

~13 years

Step-by-step explanation:

18500 = 6500(1 + [0.082/2])^(2t)

2.84 = (1.041)^2t

t ≈ 12.988 ≈ 13

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