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3 years ago

PLEASE HELP!

Mathematics

1 answer:

leonid [27]3 years ago

7 0

It will take 19 years for the countdowns to reach $ 14,989.87

Given that Heather invest $ 3377 in a retirement account with a fixed annual interest rate of 8% compounded two times per year, to determine how long will it take for the countdowns to reach $ 14,989.87 the following calculation must be performed:

Initial value x (1 + interest rate / compounding times) ^ (years x compounding times) = Compound interest

3377 x (1 + 0.08 / 2) ^ 2X = 14,989.87
3377 x 1.04 ^ 2X = 14,989.87
3512.08 ^ 2X = 14,989.87
X = 19

Therefore, it will take 19 years for the countdowns to reach $ 14,989.87.

Learn more in brainly.com/question/14295570

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4 years ago

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Answer:

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3 years ago

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3 years ago