Mathematics, 06.04.2021 05:30 ijohnh14

The Molina family wanted to give their son $20,000 when he is ready for college. They currently have $11,500 to invest. Determine how many years it will take them to achieve their goal given that they invested the money in an account earning 8.3% compounded monthly. Round to the nearest hundredth.

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The Molina family wanted to give their son $20,000 when he is ready for college. They currently have...

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