An AP course stands for <em>Advanced Placement.</em> These are special classes at a high level that many universities require and that many high schools offer.

Dual enrollment is when you take a class or many classes at another school instead of at your high school.

<u>Brainliest please</u>

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3 years ago

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you are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. if you invest $3,000

garik1379 [7]

The account which pays nominal annual rate of 7% will take 75 month to grow to $280,000.

Here, we will employ the use of NPER Function in MS Excel to enable us derive the number of month it will take the account to grow to $280,000.

<u>Given information includes:</u>

Nominal annual rate of 7% compounded monthly

Principal = $3,000 at the end of each month

Future value = $280,000.

Number of month = NPER(Rate, -PMT, PV, FV)

Number of month = NPER(7%/12, -3000, 0, 280,000)

Number of month = 74.73099507

Number of month = 75 months

In conclusion, it will take 75 month to grow the account to the value of $280,000

See related solution here

<em>brainly.com/question/13984829</em>

5 0

2 years ago