smtmwc3 smtmwc3

11-09-2020
Mathematics

contestada

Suppose you deposit $134,000 into an account paying 8% simple annual interest, and that you won't touch the
account until it holds $1,000,000. How long must you wait?
Answer:
years. (Round your answer to the nearest year.)

Respuesta :

emilycramm emilycramm

11-09-2020

134,000x 0.08= 10,720= the money you get every year from interest
1,000,000/10,720= 93.28... or 93 years

Answer Link

09crabtreh 09crabtreh

21-09-2021

Answer:

134,000x 0.08= 10,720= the money you get every year from interest

1,000,000/10,720= 93.28... or 93 years

Step-by-step explanation:

Answer Link

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