Your investment account pays 8.0%, compounded annually. if you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?

8 years.

Explanation:

We have been given that an investment account pays 8.0%, compounded annually. We are asked to find the number of years it will take for the investment to grow to $9,140.20, if you invest $5,000 today.

We will use compound interest formula to solve our given problem.

, where.

A = Final amount,

P = Principal amount,

r = Annual interest rate in decimal form,

n = Number of times interest is compounded per year,

t = Time in years.

Upon substituting our given values in above formula, we will get:

Now, we will take natural log of both sides.

Using log property , we will get:

Therefore, it will take approximately 8 years for the investment to grow to $9,140.20.

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.