Camden invested $7,200 in an account paying an interest rate of 4.4% compounded monthly. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $13,140?

The value of the account to reach $13,140 will take 14 years assuming no deposits or withdrawals are made .

Compound interest is an interest accumulated on the principal and interest together over a given time period. The interest accumulated on a principal over a period of time is also accounted under the principal.

[tex]A = P (1+ \frac{r}{100} )^{n}[/tex]

Where,

A = final Amount

P = initial principal

r = rate per annum

n = time in years

According to the question

Camden invested (P) = $7,200

Interest rate per month (r) = 4.4%

Amount  to reach =  $13,140

now , using Formula of compound interest

[tex]A = P (1+ \frac{r}{100} )^{n}[/tex] ere , n = n/12 (as concluding monthly wise )

Substituting the values

[tex]13140 = 7200 (1+ \frac{4.4}{100} )^{\frac{n}{12} }[/tex]

1.825  = [tex](1+ \frac{4.4}{100} )^{\frac{n}{12} }[/tex]

1.825  = [tex](1..044 )^{\frac{n}{12} }[/tex]

n ≈ 168 months (approx.)

n = 14 years (nearest year)

Hence, the value of the account to reach $13,140 will take 14 years assuming no deposits or withdrawals are made .

To know more about compound interest here:

https://brainly.com/question/14295570

#SPJ2

Paul's family is driving home from a trip. They plan to drive part of the distance each day for 3 days. Which choices show the
amounts they could drive each day to complete the trip home? Select the two correct answers.

divisiones que den de residuo 300​

can someone please help me in this.
​

10. In this university, among all students, 15% are senior, 25% are junior, 25% are sophomore, and so 35% are freshmen. Among senior, 40% have scholarship; among junior, 30% have scholarship; among sophomore, 20% have scholarship, and among freshmen, 10% have scholarship. Among those have scholoarship, what is the percentage of studens who are senior

use the formula P=21+2w to find the perimeter of the rectangle shown below. a long thing with a length of 39.9in and a height of 9.2 in​

2 pay raises in 3 years

find the upper limit for the zeros of the function P(x)=4x^4+8x^3-7x^2-21x-9

a) -3
b) 2
c) 3

16x+40y= ?
Pls help i will give u brainliest

please answer it’s due!!

how do I get the answer to this equation

2(10^3/(sqrt400)) -(163-156) ^2 + 10​

30 out of 600=____ %

Stephanie had 0.75 to buy a treat at the store. She used 3 dimes to buy a popsicle. What fraction of her money
did Stephanie spend on the popsicle?

Read the proof. Given: AEEC; BDDC Prove: △AEC ~ △BDC Triangle A E C is shown. Line segment B D is drawn near point C to form triangle B D C. Statement Reason 1. AEEC;BDDC 1. given 2. ∠AEC is a rt. ∠; ∠BDC is a rt. ∠ 2. definition of perpendicular 3. ∠AEC ≅ ∠BDC 3. all right angles are congruent 4. ? 4. reflexive property 5. △AEC ~ △BDC 5. AA similarity theorem What is the missing statement in step 4? ∠ACE ≅ ∠BCD ∠EAB ≅ ∠DBC ∠EAC ≅ ∠EAC ∠CBD ≅ ∠DBC

including zero) depending on your answer
The taco truck sells tacos for $3 and burritos for $4. The number of items sold on a Tuesday is 125 with a total income of $430. How
many tacos were sold?
The solution is

pls help me asap i need it

To make a number pattern, Yuan used the rule "Add 5," with a whole number as the starting point. Which statement must be true about Yuan's list of numbers?

Thanks!

What are the terms or 8x+6

Find all y such that the distance between the points (8,10) and (4,y) is 20.

Ms. Rashida is selling the school bag below at a 20% discount. What is the selling price of the bag? the bag price is 115

10. Andy is flying an airplane at an altitude of 12,000 feet over the ocean heading towards and island. His instruments show that the airplane will be directly over the island after flying horizontally 30,000 feet. To land the plane safely, Andy needs to calculate the angle of depression.​

What property is used to show that 3(4 – 6) = 12 – 18?
Distributive Property
Associative Property
Commutative Property
Subtraction Property

ano ang kahulugan ng BRAWN DRAIN?​

3p + (4 - 2p)3 = 27 pls ill give brainliest

If ΔCDE ~ ΔFGE, find the value of x.

Is this table a function

Fluffy the bunny ate
1/3
of a carrot in the morning, and she ate some more at night. By the end of the day, she still had
1/5
of the carrot left to eat. How much of the carrot did Fluffy the bunny eat at night?

there can be 2 helpppppppppppp

An angle measures 42.6° less than the measure of its complementary angle. What is the measure of each angle?

(4x - 6)
(2x)
Find the value of x

124,857 in expanded form