Mathematics, 08.10.2021 23:50 snikergrace
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Solve the problems below. Round to the nearest hundredth. Show ALL work.
A.  Abel invests $1,900 in a retirement account with a fixed annual interest rate of 5% compounded 2 times per year. Approximately how many years will it take for the account balance to reach $5,400.00? Â
B.  Mark invests $4,400.00 in a savings account with a fixed annual interest rate of 8% compounded continuously. Approximately how many years will it take for the account balance to reach $6,200.00? Â
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